Consider the Equation: GDP = L X [E/L] X [GDP/E]

Multiple Choice

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

A) capital- utilization rate.
B) number of people employed.
C) the ratio of the population unemployed.
D) productivity of labour.
E) labour employment rate.