How do gains in worker productivity lead to gains in per capita GDP? A. As workers...
How do gains in worker productivity lead to gains in per capita GDP?
| A. |
As workers produce more, their wages will rise and they will have more disposable income for consumption, leading to a rise in GDP per capita. |
|
| B. |
Worker gains in productivity generally lead to increased profits for employers, but workers share little of that gain. |
|
| C. |
As workers produce more, the companies they work for become much richer, leading to a rise in GDP per capita. |
|
| D. |
As workers produce more, they will produce more debt and they will have more disposable income for consumption, leading to a rise in GDP per capita. |
Homework Answers
Answer
Option A
As workers produce more, their wages will rise and they will have more disposable income for consumption, leading to a rise in GDP per capita.
The increase in worker productivity increases wages, as the workers can bargain for wage if the worker can give more in return.
The increased wage increases disposable income with workers and that leads to higher consumption and higher GDP.
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