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

---

Definitions:

U.S. Dollars

The official currency of the United States, widely used as a benchmark and reserve currency worldwide.

Risk-Free Rate

The theoretical return of an investment with zero risk, often represented by U.S. government bonds.

Future Exchange Rate

An agreed-upon price for exchanging currency at a future date, used in forward contracts and currency futures trading.

Indifferent

A state of having no preference between two or more outcomes or items.