Country a has a population of 1000 of who 800 work 8 hours, Ask an Expert

Economics

Country A has a population of 1,000, of who 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000, of who 1,800 work 6 hours a day to make 270,000 final goods.

a. Calculate each country's productivity and real GDP per person.

b. Which country is better off?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91232052

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