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.
Correct Answer:
Verified
Q5: Which of the following provides the best
Q6: Consider the equation GDP = F ×
Q7: Consider the basic AD/AS model. In the
Q8: GDP can be represented by the equation:
Q9: An estimate for the value of potential
Q11: Many economists argue that Japan's remarkable long-
Q12: Which of the following may increase real
Q13: Changes in any of the following variables
Q14: A low factor- utilization rate describes _
Q15: GDP can be represented by the equation:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents