Total real output can be determined by
A) multiplying the input of labour (measured in worker-hours) by labour productivity (measured by real output per worker per hour) .
B) multiplying the output of labour (measured in dollars) by labour productivity (measured by real output per worker per hour) .
C) dividing the output of labour (measured in dollars) by labour productivity (measured by real output per worker per hour) .
D) dividing the input of labour (measured in worker-hours) by labour productivity (measured by real output per worker per hour) .
E) adding the input of labour (measured in worker-hours) to labour productivity (measured by real output per worker per hour) .
Correct Answer:
Verified
Q51: Holding all else constant,if the share of
Q52: Growth in the share of the population
Q53: Assume that an economy has 2,000 workers,each
Q54: In Macroland,500,000 of the 1 million people
Q55: Holding all else constant,if the share of
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