Economists Collect and Analyze Data on Output Per Worker and Output

question 55

Multiple Choice

Economists collect and analyze data on output per worker and output per hour of work.What are they trying to measure by doing so?

• A)the ratio of marginal products of factors
• B)productivity
• C)diminishing marginal returns
• D)the principle of substitution
• E)returns to scale

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Definitions:

Year End

The end of the financial year for a company, marking the close of the reporting period.

Settlement Date

The date on which a trade is finalized, and the buyer must make payment and the seller must deliver the asset.

Exchange Rates

The rate at which one currency can be exchanged for another currency, impacting international trade and investment.

Functional Currency

The primary currency of the primary economic environment in which an entity operates, typically used in its financial reporting.