Given That a Country's Real Output Has Increased,in Which of the Following

question 49

Multiple Choice

Given that a country's real output has increased,in which of the following cases can we be sure that its productivity also has increased?

• A)The total number of hours worked rose.
• B)The total number of hours worked stayed the same.
• C)The total number of hours worked fell.
• D)Both b and c are correct.

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Definitions:

Vertical Axis

The “up-down” or “north-south” measurement line on a graph or grid.

After-Tax Income

The amount of income left to an individual or business after all federal, state, and local taxes have been applied.

Consumption

The process by which goods and services are used up or utilized by individuals or entities.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.