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Assume real GDP equals $30,000; the population is 20 and there are 15 labor employed. What is the value of GDP per capita and average
Assume real GDP equals $30,000; the population is 20 and there are 15 labor employed. What is the value of GDP per capita and average labor productivity? Real GDP per capita Average labor productivity $20 $15 Real GDP per capita Average labor productivity $1,000 $1,500 Real GDP per capita Average labor productivity $1,500 $2,000 Real GDP per capita Average labor productivity $2,000 $2,000 Real GDP per capita Average labor productivity $2,000 $30,000
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