Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the smallest real GDP per capita? $$\begin{array} { | c | r | r r }
\hline \text { Country } & \text { Pupulatim (millims) } &{ \text { Share of Populatimu Emplayed } } \
\hline \text { A } & 100 & & 60 \
\hline \text { B } & 150 & 55 \
\hline \text { C } & 75 & 50 \
\hline \text { D } & 250 & 45 \
\hline \text { E } & 95 & 40 \
\hline
\end{array}$$

Question

Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the smallest real GDP per capita? $$\begin{array} { | c | r | r r } 
\hline \text { Country } & \text { Pupulatim (millims) } &{ \text { Share of Populatimu Emplayed } } \
\hline \text { A } & 100 & & 60 \
\hline \text { B } & 150 & 55 \
\hline \text { C } & 75 & 50 \
\hline \text { D } & 250 & 45 \
\hline \text { E } & 95 & 40 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Given that average labor productivity is the same across all countries, real GDP per capita can be approximated by multiplying the share of the population employed by the population size to get the number of people employed, and then dividing by the total population to get a per capita figure. Country E has the smallest share of its population employed (40%) and a relatively small population, which would result in the smallest real GDP per capita among the options provided.

Assume That Average Labor Productivity Is the Same in Each