Essay
The GDP of Neonland is 450,000 neons.It has a total population of 1,500; 30 percent of the total population in Neonland comprises retired workers,50 percent of the population is employed,and the remaining are unemployed children.
a)Calculate the income per capita in Neonland.
b)What is the income per worker in Neonland?
c)Is there a difference between the two measures? If yes,explain the reason for this difference.
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a)The formula for calculating the income...View Answer
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