GDP Can Be Represented by the Equation: GDP = L

Multiple Choice

GDP can be represented by the equation: GDP = L x [E/L] x [GDP/E] where L is the total supply of labour and E is the level of employment. In this equation, the term [GDP/E] represents

A) the ratio of the population unemployed.
B) the productivity of labour.
C) one minus the unemployment rate.
D) output per unit of capital.
E) the unemployment rate.