EC201 chapter_7_Quiz Full

Answer a diff2 topic unemployment skill definition 4

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Unformatted text preview: e. C) how much GDP is growing. D) how much borrowed money is needed per worker. Answer: A Diff: 2 Topic: Unemployment Skill: Definition 4) Productivi ty is the ratio of A) total output to the total number of worker hours. B) total output to the total population. C) total output to the total number of unemployed. D) total capital to the total number of workers. Answer: A Diff: 1 Topic: Unemployment Skill: Definition 5) For the 1952-2003 period in the United States, output per worker hour A) increased at a constant rate. B) decreased during the 1960s. C) fluctuated around an upward trend. D) showed the largest increase during the 1980s. Answer: C Diff: 1 Topic: Unemployment Skill: Fact 6) All of the following explain the growth in output per worker hour during the 20th century EXCEPT A) the quality of labor improved during that period. B) the quantity of labor increased during that period. C) the quality of capital improved during that period. D) the worker capital ratio decreased during that period. Answer:...
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This note was uploaded on 11/13/2013 for the course BUSINESS EC201-03 taught by Professor Auguste during the Fall '13 term at Monroe.

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