What do you expect to happen to output per worker and wages


Problem

If the total population stays the same but the proportion of the population in the labor force decreases (holding short-term capital constant), what do you expect to happen to output per worker, wages, returns to capital, and output per capita in the short run? Do you think the country's total capital stock will increase or decrease over time? Why?

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: What do you expect to happen to output per worker and wages
Reference No:- TGS03320341

Expected delivery within 24 Hours