If real GDP is $800 million and aggregate labor hours are 20 million, labor productivity is
A) $40 per hour.
B) $16,000 million.
C) $40 million.
D) $160 per hour.
Correct Answer:
Verified
Q139: Q140: Employment and (total) potential GDP increase if Q141: If the demand for labor increases Q142: An advance in technology will Q143: An increase in physical capital or a Q145: Labor productivity equals Q146: Which of the following statements is CORRECT? Q147: An advance in technology shifts the production Q148: If real GDP is $13,000 billion and Q149: If real GDP is $13,500 billion and
I. employment
A) not shift
A) real GDP divided by
A)
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