Each Day Sue Works 8 Hours and Produces 7 Units

question 135

Multiple Choice

Each day Sue works 8 hours and produces 7 units of goods and services.Mary works 10 hours each day and produces 10 units of goods and services.It follows that

• A)Sue's productivity is higher than Mary's.
• B)Mary's productivity is higher than Sue's.
• C)Sue's income per hour will be higher than Mary's.
• D)Sue's income per day will be higher than Mary's.

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Definitions:

Capital Accumulation

The process of acquiring additional assets or wealth, particularly by businesses or the economy, to create further wealth or produce goods and services.

Fiscal Policy

Government policies related to taxation and spending designed to influence economic conditions, including demand, employment, and inflation.

Aggregate Demand

The entirety of demand for products and services in an economy, pegged at a general price level during an established time frame.

Government Spending

The total amount of money that a government expends in a specific time period, which can include investments in infrastructure, welfare programs, and military expenditure.