Consider a Small Economy with 2500 Employed Workers Who Worked

question 67

Multiple Choice

Consider a small economy with 2500 employed workers who worked a total of 5 million hours at an average wage of $40 per hour.Which of the following is the best measure of labour productivity in this economy?

• A)real GDP per hour worked = $40
• B)real GDP per employed worker = $80 000
• C)real GDP per hour worked = $80
• D)real GDP per employed worker = $125 000
• E)Not able to determine from the information provided

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