Part 8 a) What is average labour productivity? Explain how average labour productivity can impact economic growth measured in terms of RGDP per capita.

​_____ would most likely result in the economic growth of a nation. A. A decrease in the productivity of labor B. A decrease in the supply of labor due to emigration C. ​A decrease in the stock of physical capital D. ​An increase in the rate of growth of population ​E. An increase in the productivity of labor

The economy's real GDP was $160 billion in 2019 and $280 billion in 2020. Its population was 15 million in 2019 and 20 million in 2020. What is the growth rate of real GDP per capital from 2019 to 2020?

Which of the following statements best describes the relationship between Economic Growth and Literacy Rates ?   A. Literacy Rates decline as Economic Growth improves because Education is less useful in a developed economy.   B. Increased Literacy initially stimulates Economic Growth by improving Labour Productivity but declines as the Opportunity Cost of Education increases with long-term Economic Growth.   C. Increased Literacy stimulates Economic Growth by increasing Labour Productivity; People consume more Education as the Economy continues to grow.   D. There is no correlation between Economic Growth and Literacy Rates.