Use the Following to Answer Questions

question 60

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. About how much will U.S. real GDP per capita be in 14 years?

• A)$71,000
• B)$28,000
• C)$112,000
• D)$224,000

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Definitions:

JIT

Just-In-Time, a management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Low Quality

A term indicating inferiority in performance, durability, or appearance of a product or service relative to expectations or standards.

TPS Employee

An employee working within the Toyota Production System, focusing on lean manufacturing and continuous improvement.

Job Classifications

A system that categorizes jobs based on criteria such as responsibilities, skills required, and the complexity of tasks, often used for hierarchical organization and payroll.