Suppose Total Output (Real GDP) Is $4000 and Labour Productivity

question 56

Multiple Choice

Suppose total output (real GDP) is $4000 and labour productivity is 8.We can conclude that:

• A)real GDP per capita must be $500.
• B)the price-level index must be greater than 100.
• C)nominal GDP must be $500.
• D)the number of worker-hours must be 500.

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