The fictitious country Alpha has a population of 26 million people, of which 13 million are counted as workers. The value of Alpha's output in the year 2017 was $221 billion. a. The value for Alpha's output per capita in 2017 is $ b. The value for Alpha's average labor productivity in 2017 is $

The fictitious country Alpha has a population of 26 million people, of which 13 million are counted as workers. The value of Alpha's output in the year 2017 was $221 billion. a. The value for Alpha's output per capita in 2017 is $ b. The value for Alpha's average labor productivity in 2017 is $

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 33P: The Czech Republic has 3 GDP of 1,800 billion koruny. The exchange rate is 25 koruny/U.S. dollar....

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Question

The fictitious country Alpha has a population of 26 million people, of which 13 million are counted as workers. The value of Alpha's
output in the year 2017 was $221 billion.
a. The value for Alpha's output per capita in 2017 is $ O
b. The value for Alpha's average labor productivity in 2017 is $

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Solve a and b
Answer the attached question
If 43,533 worker-hours produced a total output of 950,890 in an economy, then the labor productivity is ____________. Answer to 2 decimal places.