If Total Output Increases from $1 Trillion to $2 Trillion

question 20

Multiple Choice

If total output increases from $1 trillion to $2 trillion as population increases from 100 million to 250 million, then output per person:

• A)doubles.
• B)increases, but by less than 100 percent.
• C)remains constant.
• D)decreases.

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Definitions:

Performance Appraisal System

A systematic process by which an employee's job performance and productivity are evaluated by their supervisor or manager.

Piece Rate Pay Systems

A compensation method where employees are paid a fixed rate for each unit they produce or task they complete, incentivizing productivity.

Direct Link

A straightforward connection or relationship between two elements, ensuring clear communication or interaction without intermediaries.

Piece Rate Plan

A compensation strategy where workers are paid a fixed rate for each unit of production completed, incentivizing efficiency and productivity.