If a country's annual number of labour hours worked is 250 million, and its GDP is $500 million, what is its labour productivity?
A) $2.00
B) $0.50
C) $750
D) $250
E) It is not possible to compute the answer from the information given.

Question

Quizplus · Accepted Answer

Labour productivity is calculated as GDP divided by the total number of labour hours worked. Therefore, $500 million / 250 million hours = $2.00 per hour.

If a Country's Annual Number of Labour Hours Worked Is