(a) To explain: Whether on-the-job experience would improve the productivity of labor and will lead to economic growth .

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Answer 1

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

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Students have asked these similar questions

Which of the following would not affect labor productivity, i.e. more output per unit of labor hour? Select one: a. When interest rates decrease and government spending increase. b. when labor is reallocated from less-efficient industries to more-efficient industries. c. when production is better organized and managed d. technological progress e. the health, training, education, and motivation of workers improve f. the quantity of capital goods available to workers

What factors contribute the most to economic growth?

Why Are the Factors of Production Important to Economic Growth?

Answer 2

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Expert Solution & Answer

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Answer 3

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Answer 6

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

Answer 7

Chapter 12, Problem 9P

To determine

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

Answer 8

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

Answer 9

To determine

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

Answer 10

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

Answer 11

To determine

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

Answer 12

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Answer 13

To determine

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Answer 14

Expert Solution & Answer

Answer 15

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Answer 16

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Answer 17

Ch. 12 - Prob. 1P Ch. 12 - Prob. 2P Ch. 12 - Prob. 3P Ch. 12 - Prob. 4P Ch. 12 - Prob. 5P Ch. 12 - Prob. 6P Ch. 12 - Prob. 7P Ch. 12 - Prob. 8P Ch. 12 - Prob. 9P Ch. 12 - Prob. 10P

(a) To explain: Whether on-the-job experience would improve the productivity of labor and will lead to economic growth .

Solution Summary: The author explains how on-the-job experience would improve the productivity of labor and lead to economic growth.

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Want to see the full answer?

Chapter 12 Solutions

(a) To explain: Whether on-the-job experience would improve the productivity of labor and will lead to economic growth .

Solution Summary: The author explains how on-the-job experience would improve the productivity of labor and lead to economic growth.

(a) To explain: Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

(b) To explain: Whether vocational school would improve the productivity of labour and will lead to economic growth.

(c) To explain: Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

(d) To explain: Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.

Want to see the full answer?

Chapter 12 Solutions

(a)

To explain:

Whether on-the-job experience would improve the productivity of labor and will lead to economic growth.

(b)

To explain:

Whether vocational school would improve the productivity of labour and will lead to economic growth.

(c)

To explain:

Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.

(d)

To explain:

Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.