Which of the following is true of per capita GDP and GDP per hour worked?
a. Per capita GDP is smaller than GDP per hour worked
b. Per capita GDP is larger than GDP per hour worked.
c. Per capita GDP is a common measure of estimating U.S. productivity in business sectors.
d. GDP per hour worked shows the average quantity of available goods and services per person.
a
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In a franchising relationship
a. the franchisor is the principal b. the agent is the franchisor c. the franchisor is the agent d. the principal is the franchisee
The point at which the burden of a tax ultimately rests is known as the
a. effect of the tax. b. impact of the tax. c. incidence of the tax. d. direction of the tax.
Refer to the accompanying figures. If the price of soda is $1.25 per can, then the quantity of soda demanded in the market each month is:
A. 30. B. 10. C. 0. D. 40.
The first minimum wage law was adopted
A. in England in 1876. B. in the United States in 1938. C. in Germany in 1922. D. in New Zealand in 1894.