To measure how productive workers in the economy are, the best measure to use would be
a. real GDP.
b. GDP divided by the population.
c. GDP divided by the nation's capital stock.
d. GDP divided by hours worked.
d
Economics
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When employees are paid more than their worth when they are hired and less than their worth near retirement
A) compensation is forward loaded. B) compensation is backloaded. C) compensation is fair. D) compensation is independent of productivity.
Economics
Normative economic principles are concerned with how people ________ make decisions while positive economic principles are concerned with how people ________ make decisions.
A. in ordinary life; in power B. should; do C. do; should D. in power; in ordinary life
Economics