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Consider a Small Economy with Real GDP of $1 Billion

Question 37

Multiple Choice

Consider a small economy with real GDP of $1 billion and the number of workers employed equal to 2500.Which of the following is the best measure of labour productivity in this economy?


A) real GDP per hour worked = $200
B) real GDP per employed worker = $200 000
C) real GDP per hour worked = $400
D) real GDP per employed worker = $400 000
E) Not able to determine from the information provided

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