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:

Sobriety

The state of being sober, which involves abstention from or moderation in consuming alcohol or using drugs.

Alcoholism Rehabilitation

A process aimed at helping individuals overcome dependence on alcohol through various treatments and supportive measures.

Self-Destruction

Behaviors or actions that harm oneself physically, emotionally, or psychologically.

Alcoholics Anonymous

A self-help group designed to assist individuals in recovering from alcoholism through a 12-step program that emphasizes mutual support.