Suppose that in 1984 the total output in a single-good economy was 12,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $16. Finally, assume that in 2005 the price per bucket of chicken was $20 and that 26,000 buckets were produced. Instructions: In part a, enter your answer as an index number rounded to 1 decimal place. In parts b-c, enter your answers as whole numbers. a. What is the GDP price index for 1984. using 2005 as the base year? b. By what percentage did the price level, as measured by this index, rise between 1984 and 2005? percent. c. What were the amounts of real GDP in 1984 and 2005? In 1984, real GDP = $ ___.In 2005, real GDP = $ ___.

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above