Real GDP equals _________ times _________. a. average hours of work; quantity of capital b. average hours
Question:
Real GDP equals _________ times _________.
a. average hours of work; quantity of capital
b. average hours of work; allocative efficiency
c. labor input; labor productivity
d. natural resources; improvements in technology
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Step by Step Answer:
The answer is c labor input labor productivity Heres why Real GDP This refers to the total inflation...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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