Author Question: Which of these is the best measure of the average standard of living in an economy? a. The ... (Read 55 times)

Evvie72 · **on:** Jun 30, 2018

Which of these is the best measure of the average standard of living in an economy?
a. The unemployment rate
b. Nominal income
c. Real GDP
d. National debt
e. Real GDP per capita

Question 2

Tucker Corporation sells its product for 5.00 . Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is:
a. 5.00 or less per hour.
b. 1.00 or more per hour.
c. 25.00 or less per hour.
d. none of these.