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

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.


Leave a Reply

Your email address will not be published.