Suppose That the Level of Real GDP Is $1,000,000 and the Economy

question 94

Multiple Choice

Suppose that the level of real GDP is $1,000,000 and the economy has 10,000 workers.Labor productivity is

• A) $100 per worker
• B) $0.01 per worker
• C) $1,000,000 per worker
• D) $1,000 per worker
• E) Labor productivity cannot be computed with the information given

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Definitions:

First Nation

Indigenous peoples in Canada who are neither Inuit nor Métis, often referred to as bands or tribes in other contexts.

Heavy Drinking

The consumption of alcoholic beverages in quantities that exceed moderate drinking guidelines, potentially leading to health and social problems.

Opiate Family

A group of drugs, derived from the opium poppy, used primarily for pain relief but which can also lead to addiction and abuse.

Methadone

A heroin replacement used to treat heroin addicts, often to reduce the craving after initial withdrawal symptoms have abated. Methadone therapy appears to work best in conjunction with good individual and group psychological intervention programs, as well as ongoing peer support.