The Rate of Growth of Output Per Worker in the United

question 21

Multiple Choice

The rate of growth of output per worker in the United States between 1985 and 2014 was approximately equal to which of the following?

• A)1.7%
• B)3.8%
• C)4.8%
• D)5.8%

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Definitions:

Goods And Services

The physical items (goods) and intangible assistance (services) that satisfy human wants and needs, which are produced and consumed by people.

Utility

The satisfaction received from consumption; sense of well-being.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting one's needs or expectations.

Real Wages

Wages adjusted for inflation, reflecting the actual purchasing power of income.