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Suppose Total Output (Real GDP) Is $4,000 and Labor Productivity

Question 272

Multiple Choice

Suppose total output (real GDP) is $4,000 and labor productivity is $8. We can conclude that


A) real GDP per capita must be $500.
B) the price-level index must be greater than 100.
C) nominal GDP must be $500.
D) the number of worker-hours must be 500.

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