The country of middle terra has 200 people 100 of them are, Ask an Expert

Economics

The country of Middle Terra has 200 people, 100 of them are working, and the real GDP is $5,000. If 50 refugees from Low Terra are arriving; all of them are hard workers, so they are allowed to work. As a result the real GDP is increasing by $1,000. The new standard of living in Middle terra is:

1. $10 per capita

2. $5 per capita

3. $250 per capita

4. $48 per capita

5. $24 per capita

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224398

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