Asked by
Josalin Gomez
on Dec 17, 2024Verified
In a particular country in 1998, the average worker needed to work 25 hours to produce 40 units of output. In that same country in 2008, the average worker needed to work 40 hours to produce 68 units of output. In that country, the productivity of the average worker
A) decreased by 1.7 percent between 1998 and 2008.
B) remained unchanged between 1998 and 2008.
C) increased by 4.75 percent between 1998 and 2008.
D) increased by 6.25 percent between 1998 and 2008.
Productivity
The efficiency of production measured by the output per unit of input, such as labor or capital, influencing economic growth and living standards.
Units of Output
The measurement of production amount, typically quantified in terms of units produced.
Average Worker
The term "average worker" typically refers to a hypothetical or statistical individual whose job characteristics (wages, hours worked, skills) represent the mean or median of a larger group.
- Acquire knowledge about the notion of productivity and how it affects living conditions.
Verified Answer
RS
Learning Objectives
- Acquire knowledge about the notion of productivity and how it affects living conditions.