Suppose That Real GDP in an Economy Is $750 000

question 44

Multiple Choice

Suppose that real GDP in an economy is $750 000 and real GDP per worker is $250. If the employment rate in this economy is 80 percent, then there are

• A)600 000 people in the labour force in this economy.
• B)150 000 people in the labour force in this economy.
• C)3000 people in the labour force in this economy.
• D)33 000 people in the labour force in this economy.
• E)3750 people in the labour force in this economy.

---

Definitions:

Unqualified Endorsements

Endorsements on negotiable instruments, such as checks, without any limitations, making the endorser fully liable.

Special

Distinguished by a unique or particular quality, purpose, or condition from what is ordinary or common.

Overdue

A status indicating that a payment or obligation was not fulfilled or completed by its due date.

Holder In Due Course

A party possessing a negotiable instrument, such as a check, who took the instrument in good faith, for value, and without notice of any defect or claim against it.