For a Given Year,productivity in a Particular Country Is Most

question 78

Multiple Choice

For a given year,productivity in a particular country is most closely matched with that country's

• A)level of real GDP over that year.
• B)level of real GDP divided by hours worked over that year.
• C)growth rate of real GDP divided by hours worked over that year.
• D)growth rate of real GDP per person over that year.

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Definitions:

Liquidity Position

A measure of the ability of an entity to meet its short-term financial obligations using assets that can be quickly converted to cash.

Fixed Assets Turnover Ratio

Measures how effectively the firm uses its plant and equipment. It is the ratio of sales to net fixed assets.

Appraise

To appraise is to evaluate or estimate the nature, quality, ability, extent, or significance of something or someone, often used in the context of property or art valuation.

Proportion

A part of a whole expressed as a fraction or percentage, often used to compare quantities in terms of size or magnitude.