Suppose Total Output (Real GDP) Is $10,000 and Worker-Hours Are

question 134

Multiple Choice

Suppose total output (real GDP) is $10,000 and worker-hours are 20,000. We can conclude that

• A) real GDP per capita must be $200,000.
• B) the price-level index must be less than 100.
• C) labor productivity must be $0.50.
• D) nominal GDP must be between $10,000 and $20,000.

---

Definitions:

Seven-step Recovery Diagram

A theoretical model designed to guide individuals or organizations through the process of recovering from setbacks or failures.

Tempted

The feeling or state of being enticed or inclined to do something, especially something that is considered unwise or morally wrong.

Passively

In a manner that allows things to happen without active response or resistance.

Refreezing Step

The final phase in Lewin's change model where new behaviors or attitudes are solidified into the culture or habits.