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Under what circumstances does labor productivity grow? Question content area bottom Part 1 Labor productivity grows when _______. A. the population grows B. wage rates
Under what circumstances does labor productivity grow? Question content area bottom Part 1 Labor productivity grows when _______. A. the population grows B. wage rates rise C. the quantity of money in the economy increases D. physical capital grows Part 2 What is the value of labor productivity when real GDP is $100 million and aggregate hours are 20 million? Labor productivity is _______. A. increasing B. $2,000 C. $0.20 per hour D. $5 per hour
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