If an economy has 800,000 hours of work, and its labor productivity is $16/hour, then its real GDP
must be $50,000.

Name: If an economy has 800,000 hours of work, and its labor productivity is $16/hour, then its real GDP must be $50,000.
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If an economy has 800,000 hours of work and its labor productivity is $16/hour, then its real GDP would be calculated as the product of the total hours of work and the labor productivity, which is 800,000 hours * $16/hour = $12,800,000.

If an Economy Has 800,000 Hours of Work, and Its