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Suppose the nominal GDP of a country is $1000, real GDP is 900, the number of workers in the economy is 150 with a total
Suppose the nominal GDP of a country is $1000, real GDP is 900, the number of workers in the economy is 150 with a total population of 200.
- What is the living standard of people in this economy?
- what is the productivity of the workers in the economy?
- what is the real GDP per capita of the economy?
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