Multiple Choice
GDP equals hours of work multiplied by output per hour.This can be rewritten as
A) growth rate of potential GDP = growth rate of labor input + growth rate of labor productivity.
B) potential GDP = wages + cost of production.
C) growth rate of real GDP = growth rate of labor input + growth rate of marginal output.
D) growth rate of GDP = growth rate of wages + growth rate of labor productivity.
Correct Answer:

Verified
Correct Answer:
Verified
Q187: Full employment is defined by most economists
Q188: The production function has _ on the
Q189: An increase in capital stock will shift
Q190: Countries like Germany, Russia, and Zimbabwe have
Q191: Changes in relative prices usually lead to
Q193: Throughout the period from 1996 to 2010,
Q194: The shortfall between actual real GDP and
Q195: Growth in potential GDP depends on<br>A)the labor
Q196: If an economy is experiencing deflation, a
Q197: The most likely group of the following