Suppose that the share of population employed in Country C is 50 percent, and that Countries C and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. 100.0 percent
B. 75.0 percent
C. 12.5 percent
D. 25.0 percent
Answer: D
Economics
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The reason food prices rose so little in 1916–19 was the extraordinary increase in output from the nation's farms
Indicate whether the statement is true or false
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When economic analysis takes place within the context of maximizing a social welfare function, the conclusion always is _____
a. that income should be completely redistributed b. that income should not be redistributed at all c. that some level of redistribution is optimal d. that income redistribution has no relations to maximizing social welfare
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