Solved

Consider a Small Economy with Real GDP of $1 Billion

Question 31

Multiple Choice

Consider a small economy with real GDP of $1 billion and the total number of hours worked equal to 5 million.Which of the following is the best measure of labour productivity in this economy?


A) real GDP per hour worked = $20
B) real GDP per employed worker = $20
C) real GDP per hour worked = $200
D) real GDP per employed worker = $200
E) Not able to determine from the information provided

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions