GDP Can Be Represented by the Equation: GDP = L

question 50

Multiple Choice

GDP can be represented by the equation: GDP = L x [E/L] x [GDP/E] where L is the total supply of labour and E is the level of employment. In this equation, the term [GDP/E] represents

• A)the ratio of the population unemployed.
• B)the productivity of labour.
• C)one minus the unemployment rate.
• D)output per unit of capital.
• E)the unemployment rate.

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Definitions:

Pharynx

The pharynx is a muscular tube that connects the nasal and oral cavities to the esophagus and larynx, playing a key role in the respiratory and digestive systems.

Nasal Conchae

These are long, narrow, curled shelves of bone that protrude into the nasal cavity, increasing its surface area.

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, which prevents food from entering the airways during swallowing.