If real GDP is $11,750 billion and aggregate hours are 175 billion, labor productivity equals
A) $23.50 per hour.
B) $52 per hour.
C) $235 per hour.
D) $67 per hour.
Correct Answer:
Verified
Q143: Q144: If real GDP is $800 million and Q145: When labor productivity increases, the demand for Q146: Labor productivity is defined as Q147: Labor productivity equals Q149: Labor productivity is Q150: If real GDP is $13,500 billion and Q151: An increase in productivity relates to Q152: If real GDP is $13,000 billion and Q153: Dividing the value of real GDP by
A) total output
A) real GDP divided by
A) the rate of change
A) producing
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