If the average worker produces $100,000 of GDP, by how much will GDP increase if there are

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If the average worker produces $100,000 of GDP, by how much will GDP increase if there are 150 million labor force participants and the unemployment rate drops from 6.0 to 5.5 percent?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:53 PM

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If the average worker produces $100,000 of GDP, by how much will GDP increase if there are

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GDP will increase by 75 billion Explanation Recall that the unemployment rate is the number of unemp...View the full answer

Essentials of Economics

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