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:

Investment Analysis

The process of evaluating investment opportunities to determine their potential financial returns.

Net Present Value

A valuation method that calculates the present worth of cash flows by discounting future cash flows to their present value.

Average Rate

In finance, it typically refers to the mean rate of return or interest rate over a specific period. It can also mean the average exchange rate over a period for currency conversion.

Capital Investment

Funds invested in a business with the expectation of future benefits, such as acquiring new equipment, buildings, or other resources to generate income.