Suppose That Twenty-Five Years Ago a Country Had Nominal GDP

question 21

Multiple Choice

Suppose that twenty-five years ago a country had nominal GDP of $1,000,a GDP deflator of 200,and a population of 100.Today it has nominal GDP of $3,000,a GDP deflator of 400,and population of 150.What happened to the real GDP per person?

• A)It more than doubled.
• B)It increased,but it less than doubled.
• C)It was unchanged.
• D)It decreased.

Comprehend different types of incentive pay plans, including differential piece rate and standard hour plans.

Understand the principles and operation of straight piecework programs.

Analyze the appropriateness of piecework under frequent technological changes.

Identify the impact of internal politics on merit pay distribution.

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Definitions:

Wheelchair

A chair mounted on wheels for people who are unable to walk or have difficulty walking.

Ergonomics

The applied science of being concerned with the nature and characteristics of people as they relate to design and activities with the intention of producing more effective results and greater safety.

Body Mechanics

Principles of posture and movement that are used to prevent injury during physical activity or the handling of heavy objects.

Mobility

The ability to move or be moved freely and easily, often referring to the physical capacity for movement.