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

question 4

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)labour productivity must be 0.5.
• D)nominal GDP must be between $10,000 and $20,000.