Consider a Small Economy with 2500 Employed Workers Who Worked

question 26

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 employed worker = $80 000
• B)real GDP per hour worked = $80
• C)real GDP per employed worker = $125 000
• D)real GDP per hour worked = $40
• E)indeterminable from the information provided.

---

Definitions:

Stimulation

The encouragement of something to make it develop or become more active; in a physiological context, it often refers to activation of nerves or sensory organs.

Inconsistencies

Situations or information that lack agreement or harmony, often leading to confusion or conflict.

Thematic Apperception Test

A projective psychological test designed to reveal a person's social drives or needs by their interpretation of a series of pictures of emotionally ambiguous situations.

Various Interpretations

The existence of multiple explanations or understandings of a single concept, phenomenon, or piece of information.