In Econland,population and Average Labour Productivity Are Constant

question 93

Multiple Choice

In Econland,population and average labour productivity are constant.If a larger proportion of the population than usual retires,then total output will _________ and output per person will ______.

• A) increase;increase
• B) decrease;decrease
• C) remain constant;remain constant
• D) decrease;remain constant
• E) remain constant;decrease

---

Definitions:

Activity Base

A measure or quantity (such as machine hours, labor hours, or materials used) that is directly associated with the costs incurred by an activity or process.

Managerial Accountants

Professionals specializing in accounting who analyze financial information to inform strategic business decisions, focusing on the management of internal financial processes.

Entity

Refers to any individual, company, organization, or legal body that has a recognizable, separate existence for legal or tax purposes.

Direct Materials

Fundamental components directly linked to the creation of specific goods or offerings.