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:

Prospectus

An official document issued by companies that are offering securities for sale to the public, detailing the investment’s objectives, risks, and financial statements.

Securities

Financial instruments that represent an ownership position, a creditor relationship, or rights to ownership, such as stocks, bonds, and options.

Conflict of Interest

A situation in which an individual's personal interests could potentially influence or appear to influence their professional judgment or responsibilities.

Shareholders' Meeting

A gathering of a company's shareholders, designed to inform them of the company's performance, elect the board of directors, and make decisions on corporate matters.