Suppose that average labor productivity in Country B is $7,000, and that Countries B and E have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country E? Country ABCDE Population (millions) 100 150 75 250 95 Multiple Choice $9,625 Share of Population Employed (%) 60 55 50 45 40

Suppose that average labor productivity in Country B is $7,000, and that Countries B and E have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country E? Country ABCDE Population (millions) 100 150 75 250 95 Multiple Choice $9,625 Share of Population Employed (%) 60 55 50 45 40

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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