If Real GDP Per Person in a Country Equals $20,000

question 28

Multiple Choice

If real GDP per person in a country equals $20,000 and 40 percent of the population is employed, then average labor productivity equals:

• A)$8,000.
• B)$20,000.
• C)$40,000.
• D)$50,000.

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Definitions:

Express Breach

A clear and definitive violation of a contract's terms, explicitly stated within the agreement.

Dock Strike

A work stoppage or labor strike involving dock workers, often due to disputes over pay, working conditions, or labor practices.

Mitigate Damages

The legal principle requiring a party suffering loss to take reasonable action to minimize the amount of the loss.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the contract or statutory law.