Consider a Small Economy with 2500 Employed Workers Who Worked

Multiple Choice

Consider a small economy with 2500 employed workers who worked a total of 5 million hours at an average wage of $40 per hour. Which of the following is the best measure of labour productivity in this economy?

A) real GDP per employed worker = $80 000
B) real GDP per hour worked = $80
C) real GDP per employed worker = $125 000
D) real GDP per hour worked = $40
E) indeterminable from the information provided.