The Table Below Shows the Quantity of Labor (Measured in Hours)

question 11

Multiple Choice

The table below shows the quantity of labor (measured in hours) and the productivity of labor (measured in real GDP per hour) in a hypothetical economy in three different years. Refer to the above table. In Year 2, the economy's real GDP was:

• A) $400,000
• B) $420,000
• C) $462,000
• D) $500,000

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