(Answered) In the fourteenth century it is estimated that deaths

Finance

In the fourteenth century it is estimated that deaths resulting from the bubonic plague reduced the population by about a third. Assuming diminishing returns, the decrease in population should have

a. increased productivity and real GDP per person.

b. increased productivity but decreased real GDP per person.

c. increased real GDP per person, but decreased productivity.

d. decreased productivity and real GDP per person.

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