According to Economists, One of the Signs of an Unhealthy

question 145

Multiple Choice

According to economists, one of the signs of an unhealthy economy is a(n)

• A)rising labor productivity.
• B)increasing real GDP.
• C)declining real GDP.
• D)declining unemployment.

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Definitions:

AVC

Average Variable Cost, calculated by dividing the total variable costs by the quantity of output produced.

AFC

Average Fixed Costs, which represent the fixed costs per unit of output, calculated by dividing total fixed costs by the number of units produced.

AVC

Average Variable Cost (AVC) is the total variable costs of production divided by the quantity of output produced, reflecting the cost per unit of varying the level of output.

ATC

Average Total Cost, which is the total cost of production divided by the number of goods produced.