4. Discuss how the level of output per person in the long run would likely be af

Question

4. Discuss how the level of output per person in the long run would likely be affected by each of the following changes: The right to exclude saving from income when paying income taxes. This would the saving rate, leading to the saving rate, leading to_out output per worker and output per person in the long run. O A. increase; higher O B. increase; lower OC. decrease; lower O D. decrease; higher A higher rate of female participation in the labor market (but constant population). This would the level of output per worker, leading to a level of output per person. OA. increase: higher ( B. have no effect on: higher O C. increase; lower O D. decrease; higher

Explanation / Answer

1st part answer is B as exclusivo of saving from income tax would lead to increment in saving which would lead to lower need for money reading to lower output per person.

2nd part

Inclusion of women population would lead to higher competition as there is constable population.

Hence increase in level of output reading to higher level of output.

Hence option A

Hence B.

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