In Econland,total output is $6 billion,population equals 250,000 people,and,of these,200,000 are employed workers.Output per person in Econland equals _______ and average labour productivity equals ______.

Question

Quizplus · Accepted Answer

Output per person in Econland = Total output/Population = $6 billion/250,000 = $24,000
Average labor productivity = Total output/Employed workers = $6 billion/200,000 = $30,000.

Therefore, the correct option is B.

In Econland,total Output Is $6 Billion,population Equals 250,000 People,and,of These,200,000