The fictitious country "Alpha" has a population of 40 million people, of which 24 million are employed workers. The real GDP of Alpha is $18,600 million. Find the average labor productivity and the share of the population that is employed. Instructions: Enter your responses rounded to two decimal places. The average labor productivity of Alpha is $ porcon per

The fictitious country "Alpha" has a population of 40 million people, of which 24 million are employed workers. The real GDP of Alpha is $18,600 million. Find the average labor productivity and the share of the population that is employed. Instructions: Enter your responses rounded to two decimal places. The average labor productivity of Alpha is $ porcon per

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The fictitious country "Alpha" has a population of 40 million
people, of which 24 million are employed workers. The real
GDP of Alpha is $18,600 million. Find the average labor
productivity and the share of the population that is employed.
Instructions: Enter your responses rounded to two decimal
places.
The average labor productivity of Alpha is $
person.
The share of the population that is employed is
per
%.

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