Labor productivity equals ________
A) real GDP ÷ aggregate hours
B) real GDP × aggregate hours
C) aggregate hours ÷ real GDP
D) aggregate hours × labor productivity
E) aggregate hours ÷ labor productivity
A
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Refer to Figure 4-8. What is the value of producer surplus after the imposition of the ceiling?
A) $40,000 B) $100,000 C) $300,000 D) $430,000
Which of the following is a determinant of Investment spending?
A. Disposable income B. Expected future income C. Expected profitability D. Real Income
If the demand for softballs increases, one could expect the demand for leather to increase. This is attributable to the
a. opportunity cost of producing softballs. b. marginal productivity principle. c. reduction in the cost of production of softballs. d. derived demand for an input.
You have a portfolio valued at $1,000. Over the next twelve months it loses 75% of its value. What return does the portfolio need to earn over the following twelve months to restore the portfolio to its original value?
A. 200% B. 300% C. 75% D. 25%