In Chapter 10,the variable N can be regarded as total population,workers,work-hours,or "effective" work-hours,all proxies for each other if they are assumed to grow at the same rate.To define (Y/N)as the standard of living,N is particularly regarded as
A)total population.
B)workers.
C)work-hours.
D)"effective" work-hours.

Question

Quizplus · Accepted Answer

In Chapter 10, when defining (Y/N) as the standard of living, N is particularly regarded as the total population. This is because the standard of living is typically measured on a per capita basis, which directly relates to the total population.

In Chapter 10,the Variable N Can Be Regarded as Total