A 75 percent of the population in a country is employed and average labour productivity equals $23,000. Calculate real GDP per person B. If real GOP per person in a country equals $26,000 and 60 percent of the population is employed. Calculate average labour productivity

A 75 percent of the population in a country is employed and average labour productivity equals $23,000. Calculate real GDP per person B. If real GOP per person in a country equals $26,000 and 60 percent of the population is employed. Calculate average labour productivity

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 2P

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A 75 percent of the population in a country is employed and average labour productivity equals $23,000. Calculate real GDP per
person
B. If real GOP per person in a country equals $26,000 and 60 percent of the population
is employed. Calculate average labour productivity

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