Increases in Productivity Per Person Lead to Increases in Per

question 10

Multiple Choice

Increases in productivity per person lead to increases in per capita income, which we call:

• A) economic growth.
• B) GDP per capita.
• C) the GDP deflator.
• D) the producer productivity index.

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Definitions:

Modern Times

A period extending from the late 19th century to the present, characterized by rapid advancements in technology, science, and social organization.

Reform Movements

Organized efforts aimed at changing certain societal norms, laws, or practices for improvement.

Protestant Morality

A set of values emphasizing hard work, thrift, and responsibility, often associated with Protestant reformation leaders and influencing societal norms.

Calvinist Belief

A branch of Protestant Christianity based on the teachings of John Calvin, emphasizing the sovereignty of God, predestination, and the importance of scripture for guiding moral and religious life.