GDP Equals Hours of Work Multiplied by Output Per Hour

question 192

Multiple Choice

GDP equals hours of work multiplied by output per hour.This can be rewritten as

• A)growth rate of potential GDP = growth rate of labor input + growth rate of labor productivity.
• B)potential GDP = wages + cost of production.
• C)growth rate of real GDP = growth rate of labor input + growth rate of marginal output.
• D)growth rate of GDP = growth rate of wages + growth rate of labor productivity.

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