« previous next »

Author Question: Labor productivity is 30 per hour and aggregate hours are 165 billion hours. What does real GDP ... (Read 132 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Labor productivity is 30 per hour and aggregate hours are 165 billion hours. What does real GDP equal?
 
  What will be an ideal response?

Question 2

Consider the following situation. Tuition at State University is 10,000 per year. Each of the students listed below paid their own tuition bills. Who among them incurred the greatest sunk cost?
 
  A) The student who received a two-year associate's degree
  B) The student who took five years to complete the bachelor's degree
  C) The student who took ten years to complete the bachelor's, master's, and Ph.D. degrees
  D) The student who dropped out during their first semester
  E) The student who dropped out after their third year


thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

Real GDP equals (labor productivity  aggregate hours) = (30 per hour  165 billion hours) = 4,950 billion.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

asd123

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 29, 2018
Thank you :)


thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

The proportion of adults 55 to 64 in the labor force in Germany, Italy, and France is low and has ... The proportion of adults 55 to 64 in the labor force in Germany, Italy, and France is low and has ...
Indentured Labor from Asia Indentured Labor from Asia
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Remote satellite monitoring of gross primary productivity across the United States. The differences Remote satellite monitoring of gross primary productivity across the United States. The differences
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library