The country of Southland produced $2,000 billion of output in one year. The population of Southland was 100 million, of whom 60 million were employed. What was average labor productivity in Southland?
A) $20
B) $33
C) $20,000
D) $33,333
Correct Answer:
Verified
Q24: The process of steady increase in the
Q25: If living standards in a country, as
Q26: Output per person must be _ output
Q27: In Econland population increased from 1 million
Q28: Output per employed worker is called:
A)total output.
B)average
Q30: The value of output was $100 billion
Q31: In Econland population and average labor productivity
Q32: In Econland population increased from 1 million
Q33: Which of the following correctly ranks the
Q34: The country of Northland produced $1,000 billion
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