Question

Choose the correct statement about growth in labor productivity. A. Potential GDP per hour of labor increases. B. The real wage rate falls and the equilibrium quantity of labor increases. C. Potential GDP remains unchanged. D. The demand for labor​ increases, the production function does not​ change, but a movement occurs along the production function.

Answer 1

Answer:

D is the one

Explanation:

because more amount of machine entry made labours down. More labour arrives for the work they left

Answer 2

The correct statement about growth in labor productivity is when the Potential GDP per hour of labor increases.

What is a growth in labor productivity?

This refers to the growth in the real output per labor hour and labor productivity which is measured as the change in this ratio over time.

Hence, the correct statement about growth in labor productivity is when the Potential GDP per hour of labor increases.

Therefore, the Option A is correct.

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