Multiple Choice
Assume that an economy has 1,500 workers, each working 2,000 hours per year. If the average real output per worker-hour is $20, then total output, or real GDP, will be
A) $3 million.
B) $30 million.
C) $45 million.
D) $60 million.
Correct Answer:
Verified
Correct Answer:
Verified
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