The Department of Motor Vehicle (DMV) Testing Center Has Eight

question 64

Essay

The Department of Motor Vehicle (DMV) testing center has eight (8) testers who test 60 drivers in total per day. Each tester can test ten (10) drivers per day. What is the center's utilization?

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Definitions:

Nominal Wage

The wage paid to workers measured in current monetary units, without taking inflation into account.

Price Level

The calculated average of current prices for all goods and services in the economic field.

Money Supply

The entire sum of cash, coins, and account balances in checking and savings that constitute the monetary assets in an economy at a specific time.

Real GDP

The total value of all goods and services produced by a country over a specific time period, adjusted for inflation, reflecting the actual productivity of an economy.