Multiple Choice
The value of output was $1,000 billion in Northland and $2,000 billion in Southland. The population of Northland was 50 million and the population of Southland was 120 million. There were 30 million employed workers in Northland and 75 million employed workers in Southland. Average labor productivity was higher in ________ and the standard of living was ________.
A) Northland; the same in both countries
B) Northland; higher in Northland
C) Southland; the same in both countries
D) Southland; higher in Southland
Correct Answer:

Verified
Correct Answer:
Verified
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