Consider a Small Economy with Real GDP of $1 Billion

question 31

Multiple Choice

Consider a small economy with real GDP of $1 billion and the total number of hours worked equal to 5 million.Which of the following is the best measure of labour productivity in this economy?

• A)real GDP per hour worked = $20
• B)real GDP per employed worker = $20
• C)real GDP per hour worked = $200
• D)real GDP per employed worker = $200
• E)Not able to determine from the information provided

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Definitions:

Twin-Study Method

A procedure for examining the role of genetics on personality in which pairs of monozygotic and dizygotic twins are compared.

Genetics

The study of heredity and the variation of inherited characteristics among living organisms.

Personality

Consistent behavior patterns and intrapersonal processes originating within the individual.

Monozygotic Twins

Twins that originate from a single fertilized egg, which then splits and develops into two genetically identical individuals.