Use the Following to Answer Questions

question 42

Multiple Choice

Use the following to answer questions :
Figure: Technological Progress and Productivity Growth
-(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in the quality (as well as quantity) of government spending on education?

• A)A to B
• B)B to A
• C)B to C
• D)C to B

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Definitions:

Commission

A fee paid for services, usually a percentage of the amount involved in a transaction or sale.

Normal Sales

Sales transactions that occur under regular business conditions, without special circumstances or discounts.

Percents

A mathematical term representing a fraction of 100, used to denote a portion or share of a total.

Decimals

Numerical values expressed using a decimal system, involving a point to separate the whole number from the fractional part.