If Real GDP Is $13,000 Billion and Aggregate Hours Are

question 313

Multiple Choice

If real GDP is $13,000 billion and aggregate hours are 270 billion, labor productivity equals

• A) $6.50 per hour.
• B) $45 per hour.
• C) $48 per hour.
• D) $650 per hour.

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Definitions:

Norms, Values

The rules that a group uses for appropriate and inappropriate values, beliefs, attitudes, and behaviors.

Unconscious Mind

A part of the mind that influences thoughts and behavior without one's awareness, a concept fundamental in psychoanalytic theory.

Feral Children

Denotes children who have lived isolated from human contact from a very young age, with no or little experience of human care, behavior, or human language.

Generalized Other

The perspectives and expectations of a network of others (or of society in general) that a child learns and then takes into account when shaping his or her own behavior.