If an Economy Has 800,000 Work-Hours Employed, and Its Labor

question 60

True/False

If an economy has 800,000 work-hours employed, and its labor productivity is $16/hour, then its real GDP must be $50,000.

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Definitions:

Duodenal

Pertaining to the duodenum, the first part of the small intestine immediately beyond the stomach.

Crohn Disease

A chronic inflammatory bowel disease affecting the lining of the digestive tract.

Volvulus

A condition where a loop of the intestine twists around itself and the mesentery that supports it, potentially causing bowel obstruction.

Cirrhosis

A chronic liver disease marked by the replacement of healthy liver tissue with scar tissue, often due to alcohol abuse or hepatitis infections.