By Dividing the Value of Total Domestic Output (Real Gross

question 91

Multiple Choice

By dividing the value of total domestic output (real Gross Domestic Product (GDP) ) by the number of workers, economists derive

• A)the net domestic product.
• B)labor productivity.
• C)the size of the labor force.
• D)the rate of capital accumulation.

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Definitions:

Occupational Choice

The process of deciding upon a particular career path or profession based on one's interests, values, and abilities.

Verbal Abilities

The capacity to use language effectively, including understanding, interpreting, and generating spoken or written communication.

Mathematical Abilities

The capacity to understand, manipulate, and solve numerical and logical problems.

Autonomous Moral Principles

Principles of right action that individuals adopt and follow voluntarily and independently, often based on an internal sense of justice and ethics.