If the Average Worker's Productivity Is $12 Per Hour and the Labor

question 1

Multiple Choice

If the average worker's productivity is $12 per hour and the labor force is employed for 600 billion hours,GDP is equal to

• A)$7.2 trillion.
• B)$50 billion.
• C)$588 billion.

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Definitions:

Need for Power

A psychological drive that affects an individual's behavior in seeking positions or situations where they can exert control or influence over others.

Empower Others

The act of delegating power and responsibilities to subordinates or team members, enabling them to take initiative and make decisions.

Strategic Planning

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Product Innovation

refers to the process of creating and introducing new or significantly improved goods or services to meet customer needs or market demands.