Real GDP Per Person Equals Average Labor Productivity

question 71

Multiple Choice

Real GDP per person equals average labor productivity:

• A)times one minus the unemployment rate.
• B)minus the share of population employed.
• C)times the labor force participation rate.
• D)times the share of population employed.

---

Definitions:

Formal Logic

A system of reasoning based on strict principles and rules aimed at deriving valid conclusions from given premises.

Letter/Number

Symbols or characters used in language systems and mathematics to represent sounds, words, quantities, or concepts.

System II

This term is likely meant to describe "System 2" from dual-process theories of cognition, which represents slow, analytical, and conscious thought processes.

System I

Often referred to as "System 1," it is a term from cognitive psychology that describes the fast, automatic, and often unconscious way of thinking.