Use the following to answer questions: 
-(Table: Per Capita GDP) Use Table: Per Capita GDP. If 2011 is the base year, real GDP in 2011 was:
Definitions:
Direct Labor-Hours
The number of labor hours spent by employees directly working on a product or service.
Machine-Hours
A measure of the amount of time a machine is operated, used for costing purposes, production scheduling, and capacity planning in manufacturing.
Forming Department
A division or section within a manufacturing plant where a specific, dedicated portion of the production process occurs, focusing on shaping or forming materials into parts or products.
Assembly Department
A sector within a manufacturing facility where individual components are assembled into final products.
Q29: (Figure: The Production Possibilities for Two Countries)
Q53: Suppose that, in year 1, an economy
Q89: (Figure 7-2: Expanded Circular-Flow Model) Use Figure
Q99: The economist whose writings in the 1930s
Q122: The scale MOST often used to compare
Q127: In general, expansions are characterized by:<br>A) increasing
Q155: Goods that are produced in a particular
Q176: In 2011, consumption spending is $7,000, government
Q190: Cyclical unemployment:<br>A) rises during a recession.<br>B) falls
Q243: According to the Bureau of Labor Statistics,