Question

If subsidies for research and development on new technologies lead to an increase in the average productivity of labor, what will most likely happen to real GDP per capita and long-run aggregate supply LRAS for a given population size

Answer 1

Real GDP per capita and LRAS will increase if there is an increase in the average productivity of labor.

What is GDP?

This is referred to as Gross domestic product and it is defined as the monetary measure of the market value of all the final goods and services produced in a specific time period by countries.

Whje  productivity increases, it leads to a corresponding increase in Real GDP per capita and LRAS will increase.

Read more about GDP here brainly.com/question/1383956