土豆妮

Labor productivity may be decomposed into which of the following two factors?

A) Growth in both physical capital and human capital per labor hour.

B) Growth in physical capital per labor hour and growth in real interest rates.

C) Growth in physical capital per labor hour and technological change.

土豆妮

Which of the following is most accurate regarding labor productivity curves? Growth in capital per labor hour causes:

A) movements along a productivity curve; technological growth causes productivity curves to shift.

B) productivity curves to shift; technological growth causes movement along productivity curves.

C) and technological growth cause productivity curves to shift.

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The productivity curve results when labor productivity (real gross domestic product (GDP) per labor hour) is plotted against capital per labor hour at a given state of technology. A productivity curve shows how real GDP per labor hour changes as capital per labor hour changes. Growth in capital per labor hour causes movements along a productivity curve. Technological growth causes productivity curves to shift.