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Suppose total output (real GDP) is $10,000 and worker-hours are 5,000. We can conclude that labor productivity is Multiple Choice $2.00. $50,000. $200. $0.50.
Suppose total output (real GDP) is $10,000 and worker-hours are 5,000. We can conclude that labor productivity is
Multiple Choice
- $2.00.
- $50,000.
- $200.
- $0.50.
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
