Use the Following to Answer Questions

question 195

Multiple Choice

Use the following to answer questions :
Scenario: Growth Rates in Two Countries
India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the United States is growing at a rate of 3% per year, and its real GDP per capita is about $47,000.
-(Scenario: Growth Rates in Two Countries) Look at the scenario Growth Rates in Two Countries. How long will it take the United States to double its real GDP per capita?

• A)10.5 years
• B)23.3 years
• C)30 years
• D)50 years

---

Definitions:

American Lean Production

A manufacturing philosophy that focuses on the minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Decentralized

A system or organization in which decision-making powers and responsibilities are distributed away from a central, authoritative location or group.

Job Control Unionism

A labor union strategy focusing on controlling hiring, work assignments, promotions, and job security through collective bargaining agreements.

Flexibility

The ability of an organization or individual to adapt to changes, challenges, or new requirements in their environment.