Which of the following is a way to measure of real GDP per capita?
A) (Labor productivity) × (Fraction of the population working)
B) (Nominal GDP) / (Real GDP)
C) (Total factor productivity) / (Capital stock)
D) (Real GDP) × (population)
A
Economics
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Unemployed workers in developing economies typically have access to various government programs like unemployment insurance, welfare, and food stamps
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the below table and information. What will be the equilibrium wage rate?
Suppose a single firm has the marginal revenue product schedule for a particular type of labor given in the left table. Assume there are 150 firms with the same marginal-revenue-product schedules for this particular type of labor.
A. $7
B. $8
C. $9
D. $10
Economics