Author Question: If real GDP is 11,750 billion and aggregate hours are 175 billion, labor productivity equals A) ... (Read 173 times)

MGLQZ · **on:** Jun 29, 2018

If real GDP is 11,750 billion and aggregate hours are 175 billion, labor productivity equals

A) 23.50 per hour.
B) 52 per hour.
C) 67 per hour.
D) 235 per hour.

Question 2

If a worker is temporarily laid off because the economy is in a recession

A) frictional unemployment increases.
B) structural unemployment increases.
C) the size of the labor force rises.
D) cyclical unemployment increases.