If Economic Output Is Increased by Increasing the Number of People

question 110

Multiple Choice

If economic output is increased by increasing the number of people working in the economy, then

• A)both GDP per capita and labor productivity will increase.
• B)both GDP per capita and labor productivity will decrease.
• C)GDP per capita will increase.
• D)Labor productivity will increase.

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Definitions:

Customer Service Department

A designated division within a company focused on addressing customer inquiries, complaints, and support needs.

Time-Driven Activity-Based Costing

A costing method where costs are assigned based on the activities required for production and the amount of time each activity takes.

Customer Service Department

A division within a company that handles all interactions with customers, focusing on providing assistance, resolving issues, and ensuring satisfaction.

Customer Cost Analysis

A process of analyzing the costs associated with acquiring and servicing customers, often used to determine profitability by customer.