Asked by
Reigne Lacson
on Nov 11, 2024
Verified
Capital deepening refers to:
A) an increase in the amount of capital per worker.
B) an increase in the amount of workers per unit of capital.
C) a decrease in the amount of capital per unit of output.
D) an increase in the amount of output per unit of capital.
E) an increase in the productivity of capital.
Capital Deepening
An increase in the amount of capital per worker; one source of rising labor productivity.
Capital Per Worker
A ratio measuring the amount of capital available to each worker, often used as an indicator of labor productivity.
- Assess how the quality and quantity of capital influence productivity performance.
- Comprehend the link between capital deepening and the expansion of economic activity.
Verified Answer
AT
Learning Objectives
- Assess how the quality and quantity of capital influence productivity performance.
- Comprehend the link between capital deepening and the expansion of economic activity.