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

number of oxygen atoms in 16 g of So2??​
Anyone know the answer
Do you think a union would help resolve the complaints of the teaching assistants?
A single-price monopoly is producing at an output level where marginal revenue is $15, marginal cost is $13, and price is $20. This monopoly is?
In the story “from a black boy” what does Richard do in the face of adversity
Inflammation of the small intestine caused by eating or drinking substances contaminated with viral and bacterial pathogens.
Author Zadie Smith’s best-selling debut novel, White Teeth, published in 2000, explores cultural, racial, and religious identity through a diverse cast of multi
61% of owned dogs in the United States are spayed or neutered. Round your answers to four decimal places. If 46 owned dogs are randomly selected, find the proba
a dialogue of you and the principle why you have long hair​
Simplify. ‒36 ÷ (27 ÷ 3 ∙ 2)