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

What is the unit rate of a 13 ounce of package of pustachios cost $5.99
The factor being changed by the person doing the experiment in a controlled study is called the a. data. b. controlled variable. c. dependent variable. d. i
Which of the following statements best explains the religions practiced by the settlers of New France and New England?
The length of a phone conversation is normally distributed with a mean of 4 minutes and a standard deviation of 0.6 minutes. What is the probability that a conv
how can you solve for 42 = 6×?
what country is the worlds leading grower and exporter of bananas
Scientists classify artifacts made before the invention of writing into which time period? ( a.) early history ( b.) archaeology ( c.) prehistory ( d.) chronolo
find the multiple of nine that are less than 100
Can a particle be a single atom?
find the factor of 14