In Econland,500,000 of the 2 million people in the country are employed.Average labour productivity in Econland is $15,000 per worker.Real GDP per person in Econland totals

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Real GDP per person is calculated by multiplying the average labor productivity by the employment rate (number of employed divided by total population). In Econland, this is $15,000 * (500,000 / 2,000,000) = $3,750.

In Econland,500,000 of the 2 Million People in the Country