ECO 203 Week 5 DQ 2 Output vs. Workers

July 6, 2015  |  By  | 

For more course tutorials visit Week 5 DQ2 Output vs. Workers Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increase without a proportional increase in the number of workers? What are the implications in our economy of more output being produced by less workers? Respond to at least two of your classmates’ postings

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