Long-Term Growth in Production Can Be Partially Explained by

question 5

Multiple Choice

Long-term growth in production can be partially explained by

• A)trade surpluses that lead to accumulations of precious metals
• B)a gradual but consistent increase in the price level
• C)general optimism about the future and the pioneering spirit of America
• D)improvements in technology
• E)federal government budget deficits

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Definitions:

Permanent Workforce

Employees who are considered permanent staff and have full-time employment contracts with benefits, as opposed to temporary or contractual staff.

Telecommuting

The practice of working from a remote location, outside of a traditional office environment, commonly from home, leveraging technology.

Distractions

Items or events that draw attention away from the task at hand, potentially reducing productivity or focus.

Productivity

The measurement of efficiency in which goods and services are created and delivered, often gauged by the output per unit of input.