If Marginal Productivity in the Economy (However It Is Measured)

question 15

Multiple Choice

If marginal productivity in the economy (however it is measured) is 90 units per day and the average price level is $2, the nominal wage would be

• A)$88.
• B)$90.
• C)$2.
• D)$45.
• E)$180.

---

Definitions:

Endowment Contribution

A donation made to an organization, often a nonprofit or educational institution, with the stipulation that the principal amount is to be kept intact while the investment income generated is used for specific purposes.

Unrestricted Contribution

Donations made to a not-for-profit organization without specified restrictions, allowing the organization to use the funds for any purpose.

Operating Contribution

The portion of revenue that remains after variable expenses are subtracted, indicating how much contributes to covering fixed costs and generating profit.

Restricted Contribution

Funds given to an organization with specific conditions attached regarding their use.