Multiple Choice
Consider an economy where factor supply is 2.5 million units, the factor utilization rate is 0.85 and a simple measure of productivity (GDP per factor employed) is $200. This economy's GDP is
A) $2.125 million
B) $425 million
C) $200 million
D) $500 million
E) $525 million
Correct Answer:
Verified
Correct Answer:
Verified
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