Economic Analysis of Social Issues 1st Edition by Alan Grant

Exercise 8

In June 2014, Korean pop sensation PSY's "Gangnam Style" video surpassed 2 billion views on YouTube. View the video at the following site: http://youtube/9bZkp7q19f0.. Then count the number of views and multiply by the length of the video to determine how much time has been spent watching PSY's video. Express your answer in hours and then convert to years. If the Empire State Building took 7 million labor-hours to complete, what is the opportunity cost of Gangnam Style, expressed in Empire State Buildings?