MGTA02H3 Chapter 2: Chapter 2 Textbook notes

33) The comparison of what an economic system produces to the resources used to produce it is known as: a) productivity aggregate output GDP resource ratio

29) From this information we can say the following about labour productivity. a) b) between 2007 and 2008, labour productivity improved. between 2007 and 2008, labour productivity declined. between 2007 and 2008, labour productivity stayed the same we don't have enough information to determine changes to labour productivity in Scarbonia.

45) From this information we can say the following about labour productivity. b) between 2007 and 2008, labour productivity improved. between 2007 and 2008, labour productivity declined. between 2007 and 2008, labour productivity stayed the same we don't have enough information to determine changes to labour productivity in Scarbonia. d)