Consider the Equation: GDP = L X [E/L] X [GDP/E]

question 42

Multiple Choice

Consider the equation: GDP = L x [E/L] x [GDP/E] where L is the supply of labour and E is the level of employment. In this equation, the term [E/L] represents the

• A)capital- utilization rate.
• B)number of people employed.
• C)the ratio of the population unemployed.
• D)productivity of labour.
• E)labour employment rate.

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Definitions:

Pluralism

A political philosophy or system suggesting that multiple diverse groups can coexist, share power, and contribute to decision-making processes in a society.

American Politics

The set of political activities, policies, and interactions that occur within the political framework of the United States.

Organized Interests

Groups that come together with the aim of influencing public policy or government actions, including lobbying groups, advocacy groups, and trade unions.

Mobilizing Public Opinion

The process of influencing the general public to support or oppose specific ideas, policies, or actions usually through media, communication strategies, or public events.