Country A's population is at 200 people where 100 are part of the workforce. its GDP is $5,000. Due to terrorist attacks to country B,
Country A's population is at 200 people where 100 are part of the workforce. its GDP is $5,000. Due to terrorist attacks to country B, 25 refugees went to Country C and were all allowed to work. as a result, the GDP of country C increased by $500. Compute labor productivity. Is there a change in labor productivity? Explain (show complete solution)
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