If Real GDP Is $13,000 Billion and Aggregate Hours Are

question 313

Multiple Choice

If real GDP is $13,000 billion and aggregate hours are 270 billion, labor productivity equals

• A) $6.50 per hour.
• B) $45 per hour.
• C) $48 per hour.
• D) $650 per hour.

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Definitions:

Election

The formal process of selecting a candidate for office or deciding on a proposal by casting ballots.

Certification Election

A formal process in which employees vote to determine whether they wish to be represented by a labor union.

NLRB

The National Labor Relations Board, a United States government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Secret Ballot Elections

A voting process ensuring privacy and anonymity, preventing influence or retaliation, commonly used in union representation decisions.