Real GDP Is $700 Billion, Average Hours Worked Per Week

question 22

Multiple Choice

Real GDP is $700 billion, average hours worked per week is 42 and aggregate hours are 150 billion hours. What is the economy's labour productivity?

• A) $1.80 per hour
• B) $16.67 per hour
• C) $3.75 per hour
• D) $4.67 per hour
• E) $4.50 per hour

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Definitions:

Spermicide

A substance that kills spermatozoa, used as a contraceptive method.

Condom

A barrier device commonly used during sexual intercourse to reduce the risk of sexually transmitted infections and pregnancy.

Diaphragm

A large, dome-shaped muscle located below the lungs that plays a critical role in breathing.

Ostomy

A surgical procedure to create an opening (stoma) in the body for the discharge of body wastes.