Suppose Output Per Worker in a Country Has Grown at the Same

question 61

Multiple Choice

Suppose output per worker in a country has grown at the same rate as technology over for many years.This country's growth would be described as

• A)"appropriable" growth.
• B)"balanced" growth.
• C)"effective" growth.
• D)"diffuse" growth.
• E) none of the above

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Definitions:

Yearly Average

A statistical measure that represents the sum of values over a year divided by the number of values.

Great Depression

The Great Depression was a severe worldwide economic downturn that began in 1929 and lasted until the late 1930s.

Government Farm Subsidies

Financial assistance programs provided by the government to support farmers, stabilize food prices, and ensure a stable food supply.

Price Supports

Government interventions to maintain the market price of a commodity or product at a certain minimum level to protect producers.