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mrive3127 mrive3127
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Question 1.

Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is 40. What is the value of labor productivity?



▸ 0.04 units per worker hour.

▸ 25 units per worker hour

▸ 125 units per worker hour.

▸ 1,000 units per worker hour.

Question 2.

Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is 40. If the economy enters an expansion, which of the following combinations of output and hours worked would best reflect the expansion?



▸ 1,000 units of output and 40 hours worked

▸ 1,200 units of output and 50 hours worked

▸ 1,600 units of output and 60 hours worked

▸ 1,800 units of output and 75 hours worked
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jeromet1jeromet1
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mrive3127 Author
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5 years ago
This site is awesome
macbookpro1
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Thanks for your help!!
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