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Given the production function,the marginal product of labor will increase if the capital's share of output increases. True False In Country A the number of
Given the production function,the marginal product of labor will increase if the capital's share of output increases.
True
False
In Country A the number of adult population is 15 millions, the number of worker is 10 million and the labor force participation rate is only 80%. Now suppose adult population increases by 2%, labor forces increases by 1% and the number of employed people increases by 1%, what are the percentage changes in labor force participation rate and the unemployment rate?
a.1% and 2%
b.1% and 0
c.1% and 1%
d.3% and 0
e.1% and 1%
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