Last Year a Country Had 800 Workers Who Worked an Average

question 45

Multiple Choice

Last year a country had 800 workers who worked an average of 8 hours and produced 12,800 units.This year the same country had 1000 workers who worked an average of 8 hours and produced 14,000 units.This country's productivity was

• A)higher this year than last year.A possible source of this change in productivity is a change in the size of the capital stock.
• B)higher this year than last year.A change in the size of the capital stock does not affect productivity.
• C)lower this year than last year.A possible source of this change in productivity is a change in the size of the capital stock.
• D)lower this year than last year.A change in the size of the capital stock does not affect productivity.

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Definitions:

Creditworthiness

A valuation of the likelihood that a borrower can fulfill their financial obligations.

Economic Significance

Refers to the impact of a phenomenon, action, or policy on the economy's performance, often measured through its effects on growth, employment, and productivity.

Repeated Experience

An occurrence or event that happens multiple times, allowing individuals or organizations to gain insight or familiarity through its repetition.

Long-Term Memory

A type of memory in psychology that allows individuals to store, retain, and recall information over periods of time ranging from hours to decades.