Examlex

Solved

An Assembly Line Is an Arrangement of Workers and Machines

question 96

Multiple Choice

An assembly line is an arrangement of workers and machines in which a product passes consecutively from one process to another in a set order until completed. The assembly line group exemplifies


Definitions:

Per Capita Real GDP

This is a measure of the average economic output per person, adjusted for inflation, in a specific area.

GDP Deflator

A measure for evaluating the price index of all fresh, domestically produced, final goods and services in an economy.

Population

The total number of people inhabiting a particular territory or geographic area.

GDP Deflator

An economic metric that converts the money-value measure of GDP to a measure of real GDP by accounting for inflation or deflation.

Related Questions