If Real GDP Is $13,500 Billion and Aggregate Hours Are

question 179

Multiple Choice

If real GDP is $13,500 billion and aggregate hours are 110 billion, labor productivity equals

• A) $6.75 per hour.
• B) $104 per hour.
• C) $123 per hour.
• D) $675 per hour.

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Definitions:

Unsystematic Risk

The risk of price change in a specific security due to factors unique to that security, not affecting the market as a whole.

Unique Risks

The specific uncertainties or dangers associated with a particular investment or company, which are not common to all investments.

Asset-Specific Risks

Asset-Specific Risks are those risks that are unique to an individual asset or investment, such as company performance or sector volatility, as opposed to systemic risks affecting the entire market.

Standard Deviation

A statistical measure of the dispersion or spread in a set of data, indicating how much variation there is from the average (mean).