This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Labor productivity equals A) the total production of labor. B) real GDP. C) real GDP divided by ... (Read 208 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 30, 2018
Labor productivity equals
 
  A) the total production of labor.
  B) real GDP.
  C) real GDP divided by the amount of human capital.
  D) real GDP per hour of labor.
  E) the quantity of labor hours divided by real GDP.

Question 2

The base year is 2010. A country only produces MP3 players. The price of an MP3 player in 2008 was 50. The price of an MP3 player was 30 in 2010. The quantity of MP3 players produced in 2008 was 10,000 units and in 2010 was 20,000 units.
 
  Nominal GDP in 2010 equals
  A) 500,000.
  B) 200,000.
  C) 1,000,000.
  D) 600,000.
  E) an amount that cannot be determined without information about real GDP in 2010.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


serike

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Jun 30, 2018
Thank you :)


LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Areas of differing productivity and diversity in a wetland. (a) Typha dominates core habitats, while Areas of differing productivity and diversity in a wetland. (a) Typha dominates core habitats, while
They are divided into four classes: all α, all β, α/β, and α + β They are divided into four classes: all α, all β, α/β, and α + β
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Ethylene Production During Strawberry Ripening Ethylene Production During Strawberry Ripening
Video: Wound Cultures

For a complete list of videos, visit our video library