Multiple Choice
In Econland total output is $6 billion, population equals 250,000 people, and, of these, 200,000 are employed workers. Output per person in Econland equals ________ and average labor productivity equals ________.
A) $30,000; $24,000
B) $24,000; $30,000
C) $30,000; $30,000
D) $24,000; $24,000
Correct Answer:
Verified
Correct Answer:
Verified
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