Select all that applyHigh productivity in the United States and other high-income countries results from which two of the following?Multiple select question.Small areas of arable landHighly skilled labor forceDecreasing GDP per capitaCapital-intensive production processes
Question
Select all that applyHigh productivity in the United States and other high-income countries results from which two of the following?Multiple select question.Small areas of arable landHighly skilled labor forceDecreasing GDP per capitaCapital-intensive production processes
Solution
The high productivity in the United States and other high-income countries results from:
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Highly skilled labor force: A highly skilled labor force is more efficient and can produce higher quality goods and services. This leads to increased productivity.
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Capital-intensive production processes: These processes use a high amount of capital (machinery, technology, etc.) in relation to labor. This allows for more goods and services to be produced with less labor, increasing productivity.
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