If real GDP is $6,460 billion, the population is 184.6 million people, and aggregate hours is 170 billion hours, labor productivity is
A) $2.63 an hour.
B) 920 hours.
C) $2.86 an hour.
D) $35,000.
E) $38.00 an hour.
Correct Answer:
Verified
Q93: The Rule of 70, as applied to
Q94: According to the Rule of 70, if
Q95: If real GDP grows at a rate
Q96: The rule of-------------------- can be used to
Q97: New growth theory predicts that
A)economic growth is
Q99: If real GDP grew 5 percent last
Q100: If Kenya institutes policies that support economic
Q101: At its most basic level, economic growth
Q102: Sustained increases in the standard of living
Q103: Many economists argue that an incentive to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents