Real GDP Is $700 Billion,average Hours Worked Per Week Is

question 173

Multiple Choice

Real GDP is $700 billion,average hours worked per week is 42 and aggregate hours 150 billion hours.What is the economy's labor productivity?

• A)$1.80 per hour
• B)$3.75 per hour
• C)$16.67 per hour
• D)$46.67 per hour
• E)$4.50 per hour

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Definitions:

Law

A body of rules of conduct established and enforced by the controlling authority, the government, of a society.

Personal Jurisdiction

The authority of a court to rule on cases involving a defendant by virtue of their geographical location or actions within the court's jurisdictional area.

Political Boundaries

Geographical demarcations used by countries to establish the limits of their territory and jurisdiction.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews decisions of lower courts.