The population of Alpha totals one million people, 40 percent of whom are employed. Average output per worker in Alpha is $20,000. Real GDP per person in Alpha totals:

Question

Quizplus · Accepted Answer

To find real GDP per person for Alpha, multiply the average output each worker produces times the percentage of population employed. In this case, real GDP per person is: ($20,000 × 0.40)= $8,000.

The Population of Alpha Totals One Million People, 40 Percent