Real GDP or total output in any year is equal to:
A)labour inputs divided by resource outputs.
B)labour productivity multiplied by real output.
C)worker-hours multiplied by labour productivity.
D)worker-hours divided by labour productivity.

Question

Quizplus · Accepted Answer

Real GDP or total output is calculated by multiplying the total number of worker-hours by the labour productivity (output per worker-hour).

Real GDP or Total Output in Any Year Is Equal