Multiple Choice
Suppose total output (real GDP) is $10,000 and worker-hours are 20,000. We can conclude that
A) real GDP per capita must be $200,000.
B) the price-level index must be less than 100.
C) labor productivity must be $0.50.
D) nominal GDP must be between $10,000 and $20,000.
Correct Answer:
Verified
Correct Answer:
Verified
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