Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do we get the productivity and the GDP in this question gi workland has Population of 19,000 of whom 7,000 work 8 ady to

how do we get the productivity and the GDP in this question

image text in transcribed
gi workland has Population of 19,000 of whom 7,000 work 8 ady to produce total of 224, 000 final goods. laborland has Population at so, ooo of whom 4,000 work 12 It aday to produce total of 120,000 final Goods. Ai work land / productivity ,/ GDP perperson than laborland ) who has - Higher or lower Productivity WHO has higher or lower GDP

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Inequality

Authors: Thomas Piketty, Arthur Goldhammer

1st Edition

0674504801, 9780674504806

More Books

Students also viewed these Economics questions

Question

b. A workshop on stress management sponsored by the company

Answered: 1 week ago