Solved

If Real GDP Is $13,500 Billion and Aggregate Hours Are

Question 179

Multiple Choice

If real GDP is $13,500 billion and aggregate hours are 110 billion, labor productivity equals

A) $6.75 per hour.
B) $104 per hour.
C) $123 per hour.
D) $675 per hour.

Related Questions

Q174: The aggregate production function shows that an

Q175: A recent article states that "...gains from

Q176: Describe ways that governments can promote faster

Q177: Which of the following is associated with

Q178: During the 1990s, which of the following

Q180: If the labor and capital grow more

Q181: Labor productivity is defined as<br>A) total output

Q182: When the quantity of labor demanded exceeds

Q183: An increase in education and training<br>A) increases

Q184: If the price level falls by 5