If an Economy Has 2,000 Workers with Each Working 3,000

question 21

Essay

If an economy has 2,000 workers with each working 3,000 hours per year and the average real output per worker-hour is $10, what is real GDP?

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Definitions:

Celebrity Photographs

Images or pictures of famous persons, often sought after by fans and media outlets for entertainment or news purposes.

Column Inches

A measurement used in publications, particularly newspapers, to determine the amount of space allocated to content, advertisements, or articles.

Statistical Consultant

A professional who provides advice and expertise regarding the collection, analysis, interpretation, and presentation of data.

Celebrity Photographs

Images or pictures featuring well-known public figures, often used for media, memorabilia, or commercial purposes.