Last Year a Country Had 800 Workers Who Worked an Average

question 45

Multiple Choice

Last year a country had 800 workers who worked an average of 8 hours and produced 12,800 units.This year the same country had 1000 workers who worked an average of 8 hours and produced 14,000 units.This country's productivity was

• A)higher this year than last year.A possible source of this change in productivity is a change in the size of the capital stock.
• B)higher this year than last year.A change in the size of the capital stock does not affect productivity.
• C)lower this year than last year.A possible source of this change in productivity is a change in the size of the capital stock.
• D)lower this year than last year.A change in the size of the capital stock does not affect productivity.

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Definitions:

Annual Dividends

The total dividend payment a company distributes to its shareholders for a year.

Selling

The process of offering goods or services to potential customers in exchange for money or other forms of payment.

Coupon Rate

The annual interest yield on a bond, displayed as a percentage of its principal value.