Real GDP in Any Year Is Equal To

question 73

Multiple Choice

Real GDP in any year is equal to:

• A)the quantity of labour divided by resource outputs.
• B)labour productivity multiplied by the quality of labour.
• C)worker-hours divided by labour productivity.
• D)worker-hours multiplied by labour productivity.

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Definitions:

Technological Control

The use of technology to monitor and control the production and distribution of products and services.

Security Badges

Identification cards or badges used to verify a person’s authorization to enter a secured area or access certain resources.

Swipe

In the digital context, a gesture or action used to interact with touchscreens by moving a finger or hand across the surface.

At-will Employees

Workers who may be hired and dismissed by their employers at any time and for any reason that is not illegal, without the need for just cause.