Labor Productivity, Real GDP Per Labor Hour, Increases If

question 93

Multiple Choice

Labor productivity, real GDP per labor hour, increases if

• A) saving and investment cause an increase in the quantity of capital per worker.
• B) there is an increase in the accumulation of human capital.
• C) new technologies are continuously discovered.
• D) All of the above answers are correct.

Know the functions performed by systems software and the role of operating systems.

Appreciate the advancements in user interface technologies, including NUIs and speech recognition.

Differentiate between proprietary software and software suites.

Grasp the basics of software development and the terminology related to it.

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Definitions:

Logistics Activities

Operations involved in the management of the flow of goods from the point of origin to the point of consumption, encompassing transportation, warehousing, and inventory management.

Manufacturing Companies

Businesses involved in the production of goods using labor, machinery, and raw materials.

Services Sector

A segment of the economy composed of businesses and individuals that provide intangible goods or services to consumers, such as healthcare, education, finance, and hospitality.

Enterprise Resource Planning (ERP)

An integrated management of main business processes, often in real time and mediated by software and technology, aimed at improving efficiency and data accuracy.