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Economics
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An increase in the capital stock causes labor productivity to

A.

decrease and the standard of living to increase
B.

increase and the standard of living to decrease
C.

decrease and the standard of living to decrease
D.

increase while the standard of living remains constant
E.

increase and the standard of living to increase

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Paramjeet Chawla
Paramjeet ChawlaLv8
28 Sep 2019

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Related questions

Suppose a country's real GDP increases. At the same time, its population also increases. What happens to its standard of living? Select one:

a. Its standard of living depends on the price level.

b. Its standard of living remains the same.

c. Its standard of living could rise if population growth exceeds output growth. 

d. Its standard of living could rise if population growth is smaller than output growth.

The Existence Of Money Leads To  

A.  Greater Specialization In Production, But Not To A Higher Standard Of Living.  

B.  A Higher Standard Of Living, But Not To Greater Specialization.

C.  Greater Specialization And To A Higher Standard Of Living.  

D.  Neither Greater Specialization Nor To A Higher Standard Of Living.

 

In order to improve the standard of living, a country should:
 
(i) increase the amount of capital available per hour worked.
(ii) use less capital and more labor in the production process.
(iii) increase the tax deduction for child dependents. 
(iv) increase welfare payments to the poor. 

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