Save Long run economic growth depends on there are two corre
Long run economic growth depends on (there are two correct answers, be sure to select both for full credit):
The unemployment rate.
Growth in current GDP.
Population and labor force growth.
Gains in labor productivity.
The production function exhibits:
Diminishing returns to physical capital (if capital per worker is doubled, output per worker will increase but by less than 2x).
Constant returns to physical capital (if capital per worker is doubled, output per worker will also double).
Increasing returns to physical capital (if capital per worker is doubled, output per worker will increase by more than 2x).
Negative returns to physical capital (if there is an increase in the K/L ratio, output per worker will decrease).
| The unemployment  rate. | |
| Total GDP. | |
| The growth rate of  productivity. | |
| GDP per capita. | 
Solution
*Can do only these many question. For solution to other question please post as a different question.

