Suppose that the share of population employed in Country B is 60 percent, and that Countries B and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed? Country Population (millions) Average Labor Productivity ($) A B C D E Select one: a. 24 percent O b. 12 percent O c. 8.3 percent O d. 83.3 percent 100 150 75 250 95 2,000 10,000 25,000 50,000 60,000

Suppose that the share of population employed in Country B is 60 percent, and that Countries B and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed? Country Population (millions) Average Labor Productivity ($) A B C D E Select one: a. 24 percent O b. 12 percent O c. 8.3 percent O d. 83.3 percent 100 150 75 250 95 2,000 10,000 25,000 50,000 60,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that the share of population employed in Country B is 60 percent, and that Countries B and D have the same real
GDP per capita. Based on the information in the table, what share of Country D's population must be employed?
Country
Population (millions)
Average Labor Productivity ($)
2,000
A
B
с
O
E
Select one:
a. 24 percent
O b. 12 percent
O c. 8.3 percent
O d. 83.3 percent
100
150
75
250
95
10,000
25,000
50,000
60,000

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