Suppose That an Economy Produces 2400 Units of Output, Employing

question 64

Multiple Choice

Suppose that an economy produces 2400 units of output, employing the 60 units of input, and the price of the input is $30 per unit. Refer to the information above. The level of productivity in this economy is:

• A) 20
• B) 30
• C) 40
• D) 50

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Definitions:

Life Expectancy

The average number of years an individual or a specific population group is expected to live, based on statistical averages.

Life Satisfaction

Life satisfaction is a measure of how people evaluate their lives as a whole rather than their current feelings, reflecting a person's perceived quality of life.

Type A Personality

A personality characterized by high levels of competitiveness, self-motivation, aggression, and a sense of urgency.

External Locus of Control

A belief system where individuals perceive that their lives are controlled by external factors beyond their control.