Question9 1 pts Economists care a lot about economic productivity and economic g

Question

Question9 1 pts Economists care a lot about economic productivity and economic growth. What is the difference between the two? These variables are very related; productivity measures the amount of output for a certain amount of input and economic growth refers to the rate of change in real production of goods and services in the short or long run. O These variables are not related; productivity measures the amount we can produce while growth measures the expansion of money in the economy. O These variables are identical; productivity and growth are literally synonyms that mean more total output. O productivity refers to the wages of all the workers in the economy while growth refers to the aggregate income in the economy

Explanation / Answer

"A"

These variables are related; productivity measures the amount of output for a certain amount of input and economic growth refers to the rate or changes in real production or goods and services in the short and long run.

The higher the productivity in the economy the higher the growth will be and vice versa.   

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