jokeriaware7489 jokeriaware7489
  • 03-07-2021
  • Business
contestada

Suppose total output (real GDP) is $1,000 and labor productivity is $10. We can conclude that the number of worker hours must be

Respuesta :

ewomazinoade ewomazinoade
  • 04-07-2021

Answer:

100 hours

Explanation:

Total output  = labour productivity x hours worked

$1000 = $10 x hours

hours = $1000 / $10

= 100

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Real GDP is GDP calculated adjusting for  inflation.

Answer Link

Otras preguntas

The mean diastolic blood pressure for a random sample of 80 people was 100 millimeters of mercury. If the standard deviation of individual blood pressure readin
What are the best ways for memorising vocabularies in a foreign language ?​
Please help!!!! Write the equation of the circle in general form. Show all your work
The reverse of the number 129 is 921, and these add to 1050, which is divisible by 30. How many three-digit numbers have the property that, when added to their
How effective is it to submit vendor invoices only?
Which health issue is associated with exposure to indoor air pollution? stroke hair loss diabetes skin cancer
supposed an individual has a body fat percentage of 17.5% and weighs 164 lbs. how many pounds of his weight is made up of fat? round your answer to the nearest
which statement is correct?
I NEED HELP ON THESE 2 PROBLEMS. pls good anawers or bad rating and report​
pls help asap!!!! Which number best represents the slope of the graphed line?