Author Question: If real GDP is 13,000 billion and aggregate hours are 270 billion, labor productivity equals A) ... (Read 119 times)

Themember4 · **on:** Jun 29, 2018

If real GDP is 13,000 billion and aggregate hours are 270 billion, labor productivity equals

A) 6.50 per hour.
B) 45 per hour.
C) 48 per hour.
D) 650 per hour.

Question 2

Reserves are ________.

A) gold in a bank's vault plus its gold at Federal Reserve banks
B) cash in a bank's vault plus its deposits at Federal Reserve banks
C) cash in a bank's vault plus its gold at Federal Reserve banks
D) cash in a bank's vault plus the cash carried by its customers