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 266 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?

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

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Your heart beats over 36 million times a year.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Production efficiency. Production efficiency.
Stages of labor. Stages of labor.
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Examples of Polypeptide Production from Synthetic mRNAs Examples of Polypeptide Production from Synthetic mRNAs
Video: ribosome

For a complete list of videos, visit our video library