Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,500 hours per year (50 weeks at 30 hours per week). The total input of labor is 12,000 hours. Productivity (average real output per hour of work) is $10 per worker. a. What is the real GDP in Molpol?
Suppose work hours rise by 5 percent to 12,600 hours per year and labor productivity rises by 5 percent to $10.5.

b. In year 2, what will be Molpol real GDP?
c. Between year 1 and year 2, what will be the Molpol rate of economic growth?

If you miss two payments on a credit card what is generally the penalty

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

The following are budgeted data: january february march sales in units 16,200 22,400 19,200 production in units 19,200 20,200 18,700 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: