In a Particular Country in 2008, the Average Worker Had

question 20

Multiple Choice

In a particular country in 2008, the average worker had to work 40 hours to produce 100 units of output. In that same country in 2018, the average worker needed to work 35 hours to produce 94.5 units of output. In that country, the productivity of the average worker

• A)increased by 2 percent between 2008 and 2018.
• B)increased by 8 percent between 2008 and 2018.
• C)remained unchanged between 2008 and 2018.
• D)decreased by 2 percent between 2008 and 2018.

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Definitions:

Operating Budgets

Detailed projections of income and expenses related to a company's operational activities for a specific period, typically one year.

Budgeted Balance Sheet

A budgeted balance sheet forecasts a company's financial position at a future date, including assets, liabilities, and shareholders' equity, based on projected financial activities.

Budgeted Income Statement

A projected financial statement that estimates a company's expected revenues, expenses, and net income for a future period based on a budget.

Production Facility Capacity

The maximum amount of goods a manufacturing facility can produce over a specific period under normal working conditions.