Hey! Need help with the following Macroeconomics question, it contains six small sub-questions. Both charts are attatched below. Thank you in advance!What is the GDP per capita in Lusitania?What is the GDP per worker in Lusitania?What is the GDP per capita in Arctica?What is the GDP per worker in Arctica?Based on the given information, would Arctica be considered more productive than Lusitania? Explain your answer.How would you use the information given in both these tables to compare living standards in Lusitania and Arctica? The following table gives you the same information for the country Arctica.CharacteristicTotal populationNumber employedGDPValue for Arctica80 million40 million$3,600 billion Suppose you are given the following information for the country Lusitania:CharacteristicTotal populationNumber employedGDPValue for Lusitania190 million80 million$2,476 billion

GDP is the Gross domestic product. GDP per capita is calculated as GDP divided by Total Population.…

Answered: What is the GDP per capita in…

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Economic Fluctuations, Unemployment, And Inflation

Section: Chapter Questions

Problem 7CQ

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Hey! Need help with the following Macroeconomics question, it contains six small sub-questions. Both charts are attatched below. Thank you in advance!

What is the GDP per capita in Lusitania?
What is the GDP per worker in Lusitania?
What is the GDP per capita in Arctica?
What is the GDP per worker in Arctica?
Based on the given information, would Arctica be considered more productive than Lusitania? Explain your answer.
How would you use the information given in both these tables to compare living standards in Lusitania and Arctica?

The following table gives you the same information for the country Arctica.
Characteristic
Total population
Number employed
GDP
Value for Arctica
80 million
40 million
$3,600 billion

Suppose you are given the following information for the country Lusitania:
Characteristic
Total population
Number employed
GDP
Value for Lusitania
190 million
80 million
$2,476 billion

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