21. Assume that Malaysian economy has 2000 workers, each working 3000 hours per year. If the average real output per worker-hour is RM15, then total output or real GDP will be:

A. RM6 million

B. RM30 million

C. RM45 million

D. RM90 million

22. Malaysia's real GDP will increase by increasing the following, except:

A. Number of workers

B. Labor productivity

C. Technological progress

D. Average price level

23. Malaysian real GDP can still grow even though working-age population reduces, only if:

A. Work hours per week decreases, to spread work among more workers

B. Labor productivity increases rapidly enough

C. Consumption by households increase rapidly

D. Spending by firms and the government increases

24. The size of Malaysian labor force largely depends on the participation rate and the:

A. Size of the working-age population

B. Employment rate

C. Unemployment rate

D. Inflation rate

25. Which of the following events does not cause business cycles:

A. Irregular occurrence of innovations and productivity changes

B. Monetary factors and financial instability

C. Unemployment jumps and production drops

D. Political events, either domestic or global