Economic Analysis of Social Issues 1st Edition by Alan Grant

تمرين 36

In the United States, the typical worker works about 32 hours per week; in Singapore, the typical worker works about 43 hours per week. In the United States, GDP per capita is about $52,000; in Singapore, it is about $60,000. Discuss the effect of workweek length on the relative well-being of people in the United States and Singapore. Are Americans worse off than GDP nurnbers suggest, or are they better off?