Business
Business, 11.03.2020 23:29, 153536

(Last Word) It is expected that by 2050, most nations will have decreasing populations. With the likely decline in the labor force and number of hours of work in the economy, what must occur for real GDP to continue to rise?a) Government spending and tax policy must be altered to stimulate sufficient demand.
b) Increasing amounts of natural resources must be brought into production.
c) Consumption spending must grow faster than the drop in work hours.
d) Labor productivity must grow faster than the drop in work hours.

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(Last Word) It is expected that by 2050, most nations will have decreasing populations. With the lik...

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