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Increases in the amount of human capital in the economy tend to ________ real incomes because they increase the ________ of labor. a. increase, productivity b. decrease, productivity c. decrease, bargaining power d. increase, bargaining power

Respuesta :

Increases in the amount of human capital in the economy tend to increase real incomes because they increase the productivity of labor. Therefore, Option A is the correct statement.

What do you mean by real income?

Real income is the earnings of people or countries after adjusting for inflation. It is calculated with the aid of using dividing nominal earnings with the aid of using the rate level.

Real earnings, additionally called actual wage, is how a whole lot of money an individual or entity makes after adjusting for inflation.

Therefore, Increases in the amount of human capital in the economy tend to increase real incomes because they increase the productivity of labor.  Option A is the correct statement.

Learn more about real income:

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