Based on the Production Function in the Above Figure,which of the Following

question 119

Multiple Choice

Based on the production function in the above figure,which of the following is an attainable combination of labour and real GDP?
i.300 billion hours of labour and real GDP of $20 trillion
ii.300 billion hours of labour and real GDP of $8 trillion
iii.100 billion hours of labour and real GDP of $12 trillion

• A)i only
• B)ii only
• C)iii only
• D)ii and iii
• E)i and ii

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Definitions:

Employment Discrimination

The unfair treatment of employees based on race, gender, religion, age, disability, or sexual orientation rather than job performance.

Profit Motive

The intention or incentive to achieve financial gain in business or commerce, often seen as the primary driving force behind economic activities.

Productive Female

An individual female who contributes significantly to productivity, often in the context of work or reproduction.

Earnings Differentials

The variations in pay that result from differences in occupation, education, experience, gender, or other factors among workers.