Between December 2012 and December 2013, real GDP in the United States increased by 3.18 percent, whereas
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Between December 2012 and December 2013, real GDP in the United States increased by 3.18 percent, whereas nonfarm payroll jobs increased by only 1.77 percent. How is it possible for output to increase without a proportional increase in the number of workers?
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Related Book For 
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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