If Labor Productivity Is $30 Per Hour and There Are

question 248

Multiple Choice

If labor productivity is $30 per hour and there are 300 billion hours worked in a year's time, what is real GDP?

• A) 300 billion ÷ $30 = $10 billion
• B) $30 × 300 billion = $9,000 billion
• C) ($30 ÷ 300 billion) × 100 = $10 billion
• D) (300 billion ÷ $30) × 100 = $1 trillion
• E) (300 billion ÷ $30) ÷ 100 = $100 million

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A measure of one's success in meeting benchmarks of knowledge, skill, or ability in various disciplines.

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