Over the Last Ten Years Productivity Grew Faster in Mapoli

question 24

Multiple Choice

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries.It follows that

• A)real GDP per person grew faster in Mapoli than in Romeria.
• B)real GDP per person must be higher in Mapoli than in Romeria.
• C)the standard of living must be higher in Mapoli than in Romeria.
• D)All of the above are correct.

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Definitions:

Work-Related

Pertaining to tasks, activities, or issues that arise in the context of one's employment or workplace.

OSHA

The Occupational Safety and Health Administration (OSHA) is an agency of the United States Department of Labor that ensures safe and healthful working conditions by setting and enforcing standards and by providing training, outreach, education, and assistance.

Employer

An individual or organization that hires and pays individuals for their labor or services.

FICA

Federal Insurance Contributions Act; a U.S. law that requires a payroll tax on both employees and employers to fund Social Security and Medicare.