Solved

An Economy's Current GDP Is $100 Billion, the Labour Force

Question 21

Multiple Choice

An economy's current GDP is $100 billion, the labour force is composed of 2.2 million people, and 2 million people are employed. What is the economy's (approximate) labour productivity?


A) $5000
B) $50 000
C) 0.91
D) 0.45
E) $50

Correct Answer:

verifed

Verified

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

Related Questions