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Author Question: If aggregate hours are 100 billion hours and labor productivity is 40 an hour, than real GDP equals ... (Read 140 times)

@Brianna17

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on: Jun 29, 2018
If aggregate hours are 100 billion hours and labor productivity is 40 an hour, than real GDP equals
 
  A) 100 billion.
  B) 40 billion.
  C) 100 trillion.
  D) 2.5 trillion.
  E) 4 trillion.

Question 2

Refer to the figure above. What is the total surplus after Barylia opens up to free trade?
 
  A) 455
  B) 800
  C) 1,000
  D) 1,200


flexer1n1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

C


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