Consider a Small Economy with Real GDP of $1 Billion

question 37

Multiple Choice

Consider a small economy with real GDP of $1 billion and the number of workers employed equal to 2500.Which of the following is the best measure of labour productivity in this economy?

• A)real GDP per hour worked = $200
• B)real GDP per employed worker = $200 000
• C)real GDP per hour worked = $400
• D)real GDP per employed worker = $400 000
• E)Not able to determine from the information provided

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Definitions:

Double Image

A visual effect in which the same object is perceived twice, either due to optical reasons or conditions affecting the viewer's perception.

Autokinetic Effect

The autokinetic effect is a visual phenomenon in which a stationary, small point of light in an otherwise dark or featureless environment appears to move.

Stationary Light

A fixed light source that does not move, used in various contexts from photography to safety signaling.

Synthesizing Process

The act of combining ideas, information, or objects into a coherent whole.