QUESTION 9For a given year, productivity in a particular country is most closely matched with that country'sa.level of real GDP over that year.level of real GDP divided by hours worked over that year.growth rate of real GDP divided by hours worked over that year.growth rate of real GDP per person over that year.b.С.d.aCQUESTION 10Two persons work together for 2 hours to produce a total of 8 soccer balls. What is productivity?a.16 soccer ballsb.8 soccer ballsС.2 soccer balls per hourd.1 soccer balls per houraO O O O QUESTION 11What does (Y - T-C) represent in a closed economy?a.national savingb.private savingС.public savingd.government tax revenueaCQUESTION 12For an imaginary closed economy, T = $12,000; S = $22,000;C = $90,000; and the government is running a budget surplus of $4,000. Then%3D%3Dprivate saving = $20,000 and GDP = $110,000.a.%3D%3Dprivate saving = $18,000 and GDP = $120,000.private saving = $20,000 and GDP = $126,000.private saving = $24,000 and GDP = $138,000.b.%3DС.%3Dd.%3Dab.Sa

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For a given year, productivity in a particular country is most closely matched with that country's level of real GDP over that year. level of real GDP divided by hours worked over that year. growth rate of real GDP divided by hours worked over that year. growth rate of real GDP per person over that year. a. b. C. d. bo C.

For a given year, productivity in a particular country is most closely matched with that country's level of real GDP over that year. level of real GDP divided by hours worked over that year. growth rate of real GDP divided by hours worked over that year. growth rate of real GDP per person over that year. a. b. C. d. bo C.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4PA

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