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:

Work Attitude

The feelings and perceptions that an employee has towards their work, influencing their motivation and job performance.

Employee Referrals

A recruitment strategy where current employees recommend prospective candidates for positions within the organization.

Reverse Discrimination Policies

Policies implemented to prevent discrimination against majority groups, often as a counteraction to traditional affirmative action measures.

Environmental Policies

Guidelines and regulations designed to manage human activities with the goal of preventing, reducing, or mitigating harmful effects on nature and the environment.