If Output Per Capita Doubles in 24 Years and the Population

question 81

Multiple Choice

If output per capita doubles in 24 years and the population doubles in 18 years, what is the growth rate of output?

• A) 4% per year
• B) 5% per year
• C) 6% per year
• D) 7% per year

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Definitions:

Wagner Act

U.S. legislation passed in 1935 that established the rights of employees to unionize, engage in collective bargaining, and take collective action, including striking.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Human Relations Techniques

Approaches and methods used to improve interpersonal relationships, worker satisfaction, and productivity in the workplace.

Human Relations Movement

An approach to management and organizational behavior emphasizing the importance of social relations and employee well-being.