Suppose Total Output (Real GDP) Is $10,000 and Worker-Hours Are

question 4

Multiple Choice

Suppose total output (real GDP) is $10,000 and worker-hours are 20,000.We can conclude that:

• A)real GDP per capita must be $200,000.
• B)the price-level index must be less than 100.
• C)labour productivity must be 0.5.
• D)nominal GDP must be between $10,000 and $20,000.

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Definitions:

Freud

A pioneering psychoanalyst known for his theories on the unconscious mind, developmental stages, and psychosexual development.

Storage Modifies Information

The concept that the process of storing memories can alter the information itself, affecting how it is later retrieved.

Store Information

The process of retaining data or records in a memory or other storage system for future use or retrieval.

Episodic Memory

Of events that happen to a person or that take place in the person’s presence.