If Aggregate Hours Are 100 Billion Hours and Labor Productivity

question 317

Multiple Choice

If aggregate hours are 100 billion hours and labor productivity is $40 an hour,than real GDP equals

• A)$100 billion.
• B)$40 billion.
• C)$100 trillion.
• D)$2.5 trillion.
• E)$4 trillion.

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Definitions:

Overconfident

A cognitive bias characterized by an individual's belief that they are more capable or knowledgeable than they actually are.

Communication "Don't"

Guidelines or practices to avoid in effective communication, usually aimed at preventing misunderstandings or offense.

Common Courtesy

Polite behavior that shows respect for other people, including manners and acts of kindness observed in societal interactions.

Look Away

The act of turning one's gaze from something, either to avoid discomfort or as a form of non-verbal communication.