Which of the Following Scenarios Is Most Likely the Result

question 45

Multiple Choice

Which of the following scenarios is most likely the result of the recent recession?

• A) many baby boomers are using part-time work as a way to ease into retirement
• B) many people are working part-time because they have not been able to find full-time jobs
• C) part-time work is attractive to Millennials who are seeking a better work-life balance
• D) part-time work is allowing educated professionals to address both job and personal needs

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Definitions:

Output Per Capita

Output per capita is a measure of a country's economic output that accounts for its number of people, essentially giving an average production per person.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

GNP

GNP, or Gross National Product, represents the total dollar value of all goods and services produced over a specific time period by a nation's residents, regardless of the production location.

Population

The total number of people inhabiting a particular area, region, or country.