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:

Traceable Fixed Expense

Fixed costs that can be directly associated with a specific segment, product line, or department within a company.

Net Operating Income

A company's income after operating expenses have been deducted, but before interest and taxes.

Current Price

Refers to the present market value of a product, security, or commodity.

Net Operating Income

This represents the profit a company generates from its core business operations, excluding expenses from interest and taxes.