If the Total Output for an Economy Is Equal to $840

question 88

Multiple Choice

If the total output for an economy is equal to $840 billion and the total number of labor hours is 24 billion,then labor productivity is equal to:

• A) $201.60 per hour.
• B) $35.00 per hour.
• C) $24.00 per hour.
• D) $18.00 per hour.

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Definitions:

High Self-esteem

A positive assessment of oneself, reflecting confidence and satisfaction in one’s abilities and self-worth.

Loving and Nurturing

Describes actions or behaviors that provide care, affection, and support to another, often creating a positive emotional and developmental environment.

Authoritarian Parents

Parents who enforce strict rules and expect absolute obedience, often without considering the child’s viewpoint.

Positive Self-concept

An individual's perception of themselves in a positive light, often associated with confidence, self-esteem, and a sense of well-being.