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).
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 5CQQ
Related questions
Question
![Suppose you are given the following information for the country Lusitania
2011
288 million
Population total in Lusitania
Employment
120 million
2.476 billion
US. dollars
Roal Gross Doniestic Product (GDP)
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 Arctica
Employment
120 million
60 million
Real Gross Domestic Product (GDP)
3,600 billion
US. 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,
V 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().](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb8463149-2b3c-4f4f-8903-67a4e7f5254d%2F03eeb04a-4c7b-4abb-9d4e-ec1b17417e84%2F7rvb6nw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose you are given the following information for the country Lusitania
2011
288 million
Population total in Lusitania
Employment
120 million
2.476 billion
US. dollars
Roal Gross Doniestic Product (GDP)
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 Arctica
Employment
120 million
60 million
Real Gross Domestic Product (GDP)
3,600 billion
US. 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,
V 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().
![Real Gross Domestic Product (GDPY
2.476 billion
US dollars
Real income per capita in Lusitania is $
(Round your response to the hearest 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 Arctica
Employment
120 million
60 million
Real Gross Domestic Product (GDP)
3,600 billion
US. 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,
V 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.
O B. real income per capita
O C. absolute real GDP in U.S. dollars
O D. real income per worker.
Click to select your answer(s).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb8463149-2b3c-4f4f-8903-67a4e7f5254d%2F03eeb04a-4c7b-4abb-9d4e-ec1b17417e84%2Fjx5gptb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Real Gross Domestic Product (GDPY
2.476 billion
US dollars
Real income per capita in Lusitania is $
(Round your response to the hearest 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 Arctica
Employment
120 million
60 million
Real Gross Domestic Product (GDP)
3,600 billion
US. 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,
V 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.
O B. real income per capita
O C. absolute real GDP in U.S. dollars
O D. real income per worker.
Click to select your answer(s).
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax