If real GDP is $13,500 billion and aggregate hours are 110 billion, labor productivity equals
A) $104 per hour.
B) $123 per hour.
C) $675 per hour.
D) $6.75 per hour.
Correct Answer:
Verified
Q145: When labor productivity increases, the demand for
Q146: Labor productivity is defined as
A) total output
Q147: Labor productivity equals
A) real GDP divided by
Q148: If real GDP is $11,750 billion and
Q149: Labor productivity is
A) the rate of change
Q151: An increase in productivity relates to
A) producing
Q152: If real GDP is $13,000 billion and
Q153: Dividing the value of real GDP by
Q154: Labor productivity .
A) is labor per unit
Q155: Labor growth depends mainly on and labor
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