Solution-Increased productivity and real gdp per person

Increased productivity and real gdp per person

Reference no: EM13986498

In the fourteenth century it is estimated that deaths resulting from the bubonic plague reduced the population by about a third. Assuming diminishing returns, the decrease in population should have

a. increased productivity and real GDP per person.

b. increased productivity but decreased real GDP per person.

c. increased real GDP per person, but decreased productivity.

d. decreased productivity and real GDP per person.

Attachment:- economics.pdf

Reference no: EM13986498

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Increased productivity and real gdp per person

Reference no: EM13986498

Reference no: EM13986498

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