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Macro: If the number of worker-hours in an economy is 500 and its labor productivity is $2 of output per worker-hour, the economy's real GDP
Macro:
If the number of worker-hours in an economy is 500 and its labor productivity is $2 of output per worker-hour, the economy's real GDP
- is $1,000.
- is $50.
- is $10,000.
- cannot be calculated.
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
