Multiple Choice
In Econland population increased from 1 million to 1.1 million, the number of employed workers increased from 500,000 to 600,000, but average labor productivity decreased from $20,000 per worker per year to $19,000 per worker per year. Total output in Econland ________ and the average standard of living ________.
A) decreased; decreased
B) decreased; increased
C) increased; decreased
D) increased; increased
Correct Answer:

Verified
Correct Answer:
Verified
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