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Under what circumstances does labor productivity grow? Question content area bottom Part 1 Labor productivity grows when _______. A. the quantity of money in the
Under what circumstances does labor productivity grow? Question content area bottom Part 1 Labor productivity grows when _______. A. the quantity of money in the economy increases B. the population grows C. wage rates rise 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. $2,000 B. $5 per hour C. $0.20 per hour D. increasing
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