Question

if over a short time there is an increase in the number of people retired and a decrease in the number of people working, then productivity

Answer 1

If the number of people retiring and the number of people working decreases, productivity will increase.

Productivity:

• Is the amount of goods and services produced per worker
• Generally increases as number of workers increases

If the number of people retiring increases and at the same time, the number of people working decreases, a situation arises where there will be fewer workers to produce goods and services thereby leading to a rise in productivity because less people will have to do the work of more people.

In conclusion, a decrease in the number of people working including by means of retirement, would lead to productivity increasing.

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