If the average worker's productivity is $20 of output per hour and the labor force is employed for 500 billion hours, GDP is equal to
A. $250 billion.
B. $4 trillion.
C. $25 billion.
D. $10 trillion.
Answer: D
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When an immigrant sends a remittance from his host country to his family in his home country, the benefits of immigration to the:
A. Home and host country are increased B. Home and host country are decreased C. Host country are increased, but decreased to the home country D. Host country are decreased, but increased to the home country
According to the Aggregate Demand Aggregate Supply diagram, short-term, an anti-inflation policy creates:
A. higher output. B. higher unemployment C. lower inflation. D. higher inflation.
Nick is delighted to see that the price of his favorite food, black olives, has fallen. Which of the following could be responsible?
a. an increase in the demand for black olives b. a decrease in the supply of black olives c. a simultaneous increase in demand and decrease in supply of black olives d. a simultaneous decrease in demand and increase in supply of black olives
If a consol is offering an annual coupon of $50 and the annual interest rate is 6%, the price of the consol is:
A. $8333.33 B. $47.17 C. $833.33 D. $813.00