The Quantity of Goods and Services That Can Be Produced

question 199

Multiple Choice

The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as

• A)technology.
• B)labor productivity.
• C)real GDP.
• D)human capital.

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Definitions:

Unequally

In a manner that is not equal or identical in status, amount, or value.

Respondents

Individuals who provide data or responses to a survey or questionnaire.

Occurrences

Instances or events that happen, often counted in statistical analyses to measure frequency; not specifically a key term without context, thus NO.

Observations

The recorded data or measurements obtained during an experiment or study.