An increase in education and training for the workforce would Group of answer choices increase Gross Domestic Product but not the aggregate production function. increase the aggregate production function. have no impact on the aggregate production function.

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05-07-2022
Business

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An increase in education and training for the workforce would Group of answer choices increase Gross Domestic Product but not the aggregate production function. increase the aggregate production function. have no impact on the aggregate production function.

Sagot :

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-07-08T06:13:27-04:00

When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.

Option B is the correct answer.

What is the workforce?

The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.

When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.

Therefore, the production function aggregately rises due to the increase in the education and training of the workers.

Learn more about the production function in the related link:

https://brainly.com/question/13755609

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Sagot :

What is the workforce?

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