In a Particular Country in 1998,the Average Worker Needed to Work

question 48

Multiple Choice

In a particular country in 1998,the average worker needed to work 40 hours to produce 100 units of output.In that same country in 2008,the average worker needed to work 36 hours to produce 72 units of output.In that country,the productivity of the average worker

• A)decreased between 1998 and 2008,so we would expect the standard of living to have decreased accordingly.
• B)increased between 1998 and 2008,so we would expect the standard of living to have increased accordingly.
• C)decreased between 1998 and 2008,so we would expect inflation to have decreased accordingly.
• D)increased between 1998 and 2008,so we would expect inflation to have increased accordingly.

---

Definitions:

Primary Labor Market

Is composed mainly of highly skilled or well-educated white males. They are employed in large corporations that enjoy high levels of capital investment. In the primary labor market, employment is secure, earnings are high, and fringe benefits are generous.

Highly Skilled

Possessing advanced levels of expertise, training, or education in a specific field or activity.

White Males

A demographic group identified by race (white) and gender (male), often discussed in contexts of privilege and social dynamics.

Nonagricultural Workers

Individuals employed in sectors other than agriculture, such as manufacturing, services, or technology.