Dividing the Value of Real GDP by Aggregate Labor Hours

question 326

Multiple Choice

Dividing the value of real GDP by aggregate labor hours gives

• A) the net domestic product.
• B) labor productivity.
• C) the size of the labor force.
• D) the rate of capital accumulation.

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Definitions:

Social-Responsibility Norm

A societal rule that tells people they should help others who need assistance even if doing so is costly.

Subway Tracks

The rails upon which subway trains run, typically located underground in urban areas to provide mass transportation.

Social-Responsibility Norm

is a societal rule that people should help those who need assistance, based on the expectation that helping others is the right thing to do.

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness without the expectation of reward.