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Suppose That the Level of Real GDP Is $1,000,000 and the Economy

Question 152

Multiple Choice

Suppose that the level of real GDP is $1,000,000 and the economy has 10,000 workers.Labor productivity is


A) $100 per worker
B) $0.01 per worker
C) $1,000,000 per worker
D) $1,000 per worker
E) Labor productivity cannot be computed with the information given

Correct Answer:

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