Question 1

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Accepted Answer

Productivity is the measure of output per unit of input, so if productivity grew faster while the population and total hours worked remained the same, it means that each worker produced more output in Mapoli than in Romeria. This implies that real GDP per person grew faster in Mapoli, and thus the standard of living in Mapoli would be higher than in Romeria. However, we cannot definitively say that real GDP per person must be higher in Mapoli than in Romeria without more information.

Question 2

Which of the following can explain faster growth of real GDP in country A than in Country B?

Accepted Answer

The answer of Which of the following can explain faster...

Question 3

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

Accepted Answer

The answer of Given that a country's real output has...

Question 4

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

Accepted Answer

The answer of Greg's Ice Cream produces 1120 gallons of...

Question 5

Productivity is the

Accepted Answer

Productivity is the amount of output per unit of input. This means that increasing productivity leads to more efficient use of resources, resulting in higher output with the same level of input. As output increases, so does income, which leads to higher living standards. Therefore, productivity is the key determinant of living standards. Additionally, growth in productivity is the key determinant of growth in living standards because it leads to higher output, income, and living standards over time.

Question 6

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

Accepted Answer

The answer of Allied Business Consultants employs five researchers that...

Question 7

Suppose that real GDP grew more in Country A than in Country B last year.

Accepted Answer

The answer of Suppose that real GDP grew more in...

Question 8

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Accepted Answer

The answer of You and your friend work together for...

Question 9

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Accepted Answer

The answer of Mary looks over reports on four of...

Question 10

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Accepted Answer

The answer of Phoenix furniture uses 12 workers, each working...

Question 11

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Accepted Answer

If each worker milks for 8 hours and produces 12 gallons per hour of labor, then each worker produces 8 x 12 = 96 gallons per day. To produce 960 gallons in a day, the dairy will need 960/96 = 10 milkers. Therefore, the answer is option B.

Question 12

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Accepted Answer

Productivity is an important determinant of economic growth, and if Iberia's productivity grew more slowly than Aire, it suggests that the growth of real GDP per person in Iberia was slower than in Aire. Therefore, option B is the correct answer. Option A cannot be determined without additional information about the initial levels of real GDP per person in the two countries. Option C is unlikely to be true because a slower growth rate of productivity generally indicates a lower standard of living.

Question 13

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Accepted Answer

The answer of In one day Madison Laundry washed 4,000...

Question 14

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Accepted Answer

The answer of Gramp's Potato Chips produces 2560 bags of...

Question 15

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

Accepted Answer

The answer of Adam and Doug both build birdhouses. Adam...

Question 16

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Accepted Answer

If the productivity is 2 haircuts per hour of labor and each barber works for 8 hours, then each barber produces 2 x 8 = 16 haircuts per day.
So, the number of barbers employed by the shop is 192 / 16 = 12.

Question 17

Productivity

Accepted Answer

The answer of Productivity
...

Question 18

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit­It's productivity?

Accepted Answer

Productivity is calculated by output per unit of time. In this case, the output is 320 baseball bats and the time is 16 hours (2 workers x 8 hours per day). Therefore, productivity is 320/16 = 20 baseball bats per hour.

Question 19

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

Accepted Answer

The answer of In one day Portal Computer Company made...

Question 20

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Accepted Answer

The answer of In one day Alpha Cabinet Company made...

Quiz 17: Production and Growth

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Which of the following can explain faster growth of real GDP in country A than in Country B?

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

Productivity is the

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

Suppose that real GDP grew more in Country A than in Country B last year.

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Productivity

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is HitIt's productivity?

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Quiz 17: Production and Growth

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Which of the following can explain faster growth of real GDP in country A than in Country B?

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

Productivity is the

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

Suppose that real GDP grew more in Country A than in Country B last year.

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Productivity

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit­It's productivity?

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is HitIt's productivity?