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Question
If aggregate hours are 100 billion hours and labor productivity is $40 an hour, than real GDP equalsA) $100 billion.
B) $40 billion.
C) $100 trillion.
D) $2.5 trillion.
E) $4 trillion.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
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B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
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Why does scarcity lead to the what, how, and for whom questions?
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