Suppose That the Level of Real GDP Is $1,000,000 and the Economy

question 94

Multiple Choice

Suppose that the level of real GDP is $1,000,000 and the economy has 10,000 workers.Labor productivity is

• A) $100 per worker
• B) $0.01 per worker
• C) $1,000,000 per worker
• D) $1,000 per worker
• E) Labor productivity cannot be computed with the information given

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Definitions:

Accumulate Wealth

The process of gradually increasing assets, money, and investments over time through saving, investing, and earning.