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Suppose That Real GDP in an Economy Is $750 000

Question 10

Multiple Choice

Suppose that real GDP in an economy is $750 000 and real GDP per worker is $250. If the employment rate in this economy is 80 percent, then there are


A) 600 000 people in the labour force in this economy.
B) 150 000 people in the labour force in this economy.
C) 3000 people in the labour force in this economy.
D) 33 000 people in the labour force in this economy.
E) 3750 people in the labour force in this economy.

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