GDP equals hours of work times
A)labor force.
B)output per hour.
C)population.
D)capital stock.

Name: GDP equals hours of work times A)labor force. B)output per hour. C)population. D)capital stock.
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Question

Quizplus · Accepted Answer

GDP is calculated by multiplying hours worked by output per hour. This means that the total value of goods and services produced in an economy is equal to the total number of hours worked multiplied by the productivity of those hours. Therefore, the correct answer is choice B - output per hour.

GDP Equals Hours of Work Times