Suppose Total Output (Real GDP) Is $10,000 and Worker-Hours Are

question 134

Multiple Choice

Suppose total output (real GDP) is $10,000 and worker-hours are 20,000. We can conclude that

• A) real GDP per capita must be $200,000.
• B) the price-level index must be less than 100.
• C) labor productivity must be $0.50.
• D) nominal GDP must be between $10,000 and $20,000.

---

Definitions:

Performance-based Reward

A compensation or recognition system where rewards are given based on the evaluation of an individual's performance, usually intended to incentive higher levels of output or quality.

Team-based Reward

Incentive systems designed to reward groups or teams for achieving specific goals or outcomes.

Repetitive Strain Injury

Physical damage to muscles, nerves, tendons, or other soft tissues caused by repetitive motion or overuse.

Multiskilled

Describing an individual or workforce that possesses a wide range of skills, allowing for flexibility and adaptability in various tasks or roles.