Country A has a population of 1,000, of whom 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000, of whom 1,800 work 6 hours a day to make 270,000 final goods. Country A has higher productivity and higher real GDP per person than country B. Country A has lower productivity and lower real GDP per person than country B. Country A has higher productivity, but lower real GDP per person than country B. O Country B has lower productivity, but higher real GDP per person than country B.

Country A has a population of 1,000, of whom 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000, of whom 1,800 work 6 hours a day to make 270,000 final goods. Country A has higher productivity and higher real GDP per person than country B. Country A has lower productivity and lower real GDP per person than country B. Country A has higher productivity, but lower real GDP per person than country B. O Country B has lower productivity, but higher real GDP per person than country B.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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Similar questions

In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million. In 2000, Denmark had 3 GDP of 160 billion (measured in U.S. dollars} and a population of 5.3 million. By what percentage did Denmarks GDP per capita rise between 1980 and 2000?
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is the single most important source of productivity. O Current saving O Equity Technological advancements O Current consumption