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

ok last feel good question for brainlist no looking up answer and theres 2 riddles answer correctly the next quistion will be tomorow dont mind my spelling
Please help I’m having a hard time
2 dived by 2/3 hellllp
Please help me. I’ve been stuck on these questions all day.
PLEASE HELP!! URGANT!!
Help fill in the blanks. ​
What did Common Sense refer to in the American Revolution? A. The pamphlet by Thomas Paine that convinced many of the need for independence. B. The belief that
phy 20-21 Which of the following usually is not a reason people choose to live in a given area? A. climate B. environment C. job availability D. number of schoo
What was James Oglethorpe's position in the Georgia trustee colony? Architect Diplomat Surveyor trustee
freh points cuz meh has toh meneh Have a nice day, y'all :)