Suppose you are given the following information for the country Lusitania 2011 Population total in Lusdania 288 million Employment 120 million Roal Gross Doniestic Product (GDPY 2.476 billion Us dollars Real income per capita in Lusitania is $ (Round your response to the nearest dollar) Real income per worker in Lusitania is $ (Round your response to the nearest dollar) The following table gives you the same information for the country Arctica 2011 Population, total in Arctical Employment 120 million 60 million Real Gross Domestic Product (GDP) 3,600 billion U.S. dollars Real income per capita in Arctica is $ (Round your response to the nearest dollar) Real income per worker in Arctica is $ (Round your response to the nearest dollar) Based on the information, would be considered more productive since its V is higher Using the information given in both of these tables to compare living standards in Lusitania and Arctica, you should use O A. the dependency ratio. Click to select your answer(s).

Suppose you are given the following information for the country Lusitania 2011 Population total in Lusdania 288 million Employment 120 million Roal Gross Doniestic Product (GDPY 2.476 billion Us dollars Real income per capita in Lusitania is $ (Round your response to the nearest dollar) Real income per worker in Lusitania is $ (Round your response to the nearest dollar) The following table gives you the same information for the country Arctica 2011 Population, total in Arctical Employment 120 million 60 million Real Gross Domestic Product (GDP) 3,600 billion U.S. dollars Real income per capita in Arctica is $ (Round your response to the nearest dollar) Real income per worker in Arctica is $ (Round your response to the nearest dollar) Based on the information, would be considered more productive since its V is higher Using the information given in both of these tables to compare living standards in Lusitania and Arctica, you should use O A. the dependency ratio. Click to select your answer(s).

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 9PA

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Similar questions

Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100 worth of trees into 150 worth of lumber. It used 100 worth of that lumber to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nations GDP? In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?
Which of the following are included in GDP, and which are not? The cost of hospital stays The rise in life expectancy over time Child care provided by a licensed day care center Child care provided by a grandmother A used car sale A new car sale The greater variety of cheese available in supermarkets The iron that goes into the steel that goes into a refrigerator bought by a consumer.
Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?
The United States exports 14 of GDP while Germany exports about 50 of its GDP. Explain stat that means.
What are typical GDP patterns for a high-income economy like the United States in the long run and the short run?
Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?