If Both Total Employment and Total Output in an Economy

question 39

Multiple Choice

If both total employment and total output in an economy grow by 2 percent each year,then the annual growth in labor productivity in the economy over a decade will be equal to _____.

• A)0 percent
• B)2 percent
• C)10 percent
• D)20 percent
• E)2 percent times the size of the labor force

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Definitions:

Physical Aggression

Behaviors that involve physical force with the intent to harm or injure another individual.

Competitive Strategies

Approaches and tactics employed by businesses to gain an advantage over competitors, improve market position, and achieve organizational goals.

Experimentally Designed Games

Games created under controlled conditions to study behaviors, learning, or psychological phenomena.

Allocentric

Refers to a viewpoint that focuses on the needs, values, and priorities of others over oneself.