jokeriaware7489 jokeriaware7489
  • 03-07-2021
  • Business
contestada

Suppose total output (real GDP) is $1,000 and labor productivity is $10. We can conclude that the number of worker hours must be

Respuesta :

ewomazinoade ewomazinoade
  • 04-07-2021

Answer:

100 hours

Explanation:

Total output  = labour productivity x hours worked

$1000 = $10 x hours

hours = $1000 / $10

= 100

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Real GDP is GDP calculated adjusting for  inflation.

Answer Link

Otras preguntas

Find the result when 70 is increased by 35%.
Which of the following is a true statement? a) The correlation coefficient r is always greater than 1. b) The coefficient of determination can never assume nega
What is the segment of a DNA chain that codes for all or part of a trait?
Define the Alien and Sedition Acts.
1. how many 1/8 are in 1 2.how many 1/8 are in 3?
4. If 104 um = 1 cm, how many um = 1 cm'?(A) 104(B) 106(C) 108(D) 1012​
What is the process that turns water vapor into liquid, which causes the formation of a cloud
The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 22,000 units consisted
Use the digits 1,3,4, and 7 to create two whole numbers whose product is estimated to be about 600. Explain your method.
Was John browns attack on Harper ferry justified why or why not