Real GDP is $700 billion,average hours worked per week is 42 and aggregate hours 150 billion hours.What is the economy's labor productivity?
A) $1.80 per hour
B) $3.75 per hour
C) $16.67 per hour
D) $46.67 per hour
E) $4.50 per hour
Correct Answer:
Verified
Q184: Labor force productivity has increased from $30
Q185: If real GDP increases by 6 percent
Q186: In recent years,Taiwan has experienced increases in
Q187: Labor productivity is equal to the quantity
Q188: An increase in labor productivity
A)increases the standard
Q190: If the growth rate of population is
Q191: Last year,in a nation far to the
Q192: Labor productivity growth depends on
I.saving and investment.
Ii.increases
Q193: Labor productivity is defined as
A)total real GDP.
B)real
Q194: Labor productivity is calculated as
A)(real GDP ÷
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