The country of Southland produced $2,000 billion of output in one year.The population of Southland was 100 million,60 million of whom were employed.What was average labour productivity in Southland?

Question

Quizplus · Accepted Answer

Average labor productivity is calculated by dividing total output by the number of employed workers. Here, $2,000 billion divided by 60 million employed workers equals $33,333.

The Country of Southland Produced $2,000 Billion of Output in One