jokeriaware7489 jokeriaware7489
  • 03-07-2021
  • Business
contestada

Suppose total output (real GDP) is $1,000 and labor productivity is $10. We can conclude that the number of worker hours must be

Respuesta :

ewomazinoade ewomazinoade
  • 04-07-2021

Answer:

100 hours

Explanation:

Total output  = labour productivity x hours worked

$1000 = $10 x hours

hours = $1000 / $10

= 100

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Real GDP is GDP calculated adjusting for  inflation.

Answer Link

Otras preguntas

Find the value of x in each case. PLEASE SHOW WORK!!!
The term used in the usda food patterns that describes the energy derived from solid fats and/or added sugars is
The Pythagorean theorem
What does translitics involve? Select one: a. Translating a poem b. Trying to guess what another language means c. Learning another language through poetry
in which colonies was tobacco a cash crop? in which was indigo?
what was the antifederalists main reason for opposing the new constitution?
What are some ways to achieve upward social mobility? Explain at least 2 ways.
On January 1, 1970, Los deposited $1950 into a savings account paying 6.6% interest, compounded semiannually. If she hasn't made any additional deposits or with
The diagonal of a rectangle is 25 inch. the width is 15 in. what is the area of the rectangle?
what was the quartering act?