the long term and with almost full employment, the greatest effect is to increase GDP / per capita by: a. Employees move to sectors with higher labor productivity b. Labor productivity becomes higher, e.g. through increased investment and better education c. Taxes are reduced so that it pays to work harder d. The state supports industries with highly expected growth potential

the long term and with almost full employment, the greatest effect is to increase GDP / per capita by: a. Employees move to sectors with higher labor productivity b. Labor productivity becomes higher, e.g. through increased investment and better education c. Taxes are reduced so that it pays to work harder d. The state supports industries with highly expected growth potential

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 15E

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