In a Particular Country in 2000,the Average Worker Needed to Work

question 72

Multiple Choice

In a particular country in 2000,the average worker needed to work 40 hours to produce 55 units of output.In that same country in 2008,the average worker needed to work 30 hours to produce 45 units of output.In that country,the productivity of the average worker

• A)decreased by about 6 percent between 2000 and 2008.
• B)remained unchanged between 2000 and 2008.
• C)increased by about 9 percent between 2000 and 2008.
• D)increased by about 18 percent between 2000 and 2008.

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Definitions:

C + I + G Curve

An economic model representing the total spending in an economy, comprising Consumption (C), Investment (I), and Government Expenditures (G).

Regressive Tax

A taxation mechanism where the tax rate effectively decreases as the taxable amount (income or assets) increases, placing a higher relative burden on lower earners.

Investment

Placing capital into assets or projects with the aim of generating growth, returns, or appreciation over time.

Shares

Units of ownership interest in a corporation or financial asset, representing a proportion of the company's capital.