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seeb1999 seeb1999
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Question 1.

Suppose that output in an economy is 50 units and the number of hours worked in the economy is 25. What is the value of labor productivity?



▸ 0.5 units per worker hour.

▸ 1.25 units per worker hour

▸ 2 units per worker hour.

▸ 75 units per worker hour.

Question 2.

Suppose that output in an economy is 50 units and the number of hours worked in the economy is 25. If the economy enters an expansion, which of the following combinations of output and hours worked would best reflect the expansion?



▸ 50 units of output and 25 hours worked

▸ 60 units of output and 40 hours worked

▸ 80 units of output and 40 hours worked

▸ 70 units of output and 30 hours worked
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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gdchavis1gdchavis1
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seeb1999 Author
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5 years ago
Thanks for your help!
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