Last year in a nation far to the south real gdp was 90, Ask an Expert

Economics

Last year, in a nation far to the South, real GDP was $90 million and 900,000 workers were employed. This year real GDP is $100 million, 950,000 workers are employed, and the number of hours each worker works per year did not change. Hence, labor productivity

a- Has decreased

b- Has increased

c- Cannot be compared between the two years because both real GDP and the number of workers increased

d- Has remained constant

e- Might have changed, but more information is needed to determine if it changed

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91237604

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