In Econland population increased from 1 million to 1.1 million, the number of employed workers increased from 500,000 to 600,000, but average labor productivity decreased from $20,000 per worker per year to $19,000 per worker per year. Total output in Econland ________ and the average standard of living ________.

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Total output, which is the average labor productivity per worker times the number of workers, increased from $10 billion (500,000 × $20,000)to $11.4 billion (600,000 × $19,000). At the same time, the average standard of living, which is total output per person, increased from $10,000 ($10 billion/1 million)to $10,364 ($11.4 billion/1.1 million).

In Econland Population Increased from 1 Million to 1