Country a has a population of 1000 of who 800 work 8 hours, Microeconomics

+44 141 628 6080
[email protected]

Country a has a population of 1000 of who 800 work 8 hours

Country A has a population of 1,000, of who 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000, of who 1,800 work 6 hours a day to make 270,000 final goods.

a. Calculate each country's productivity and real GDP per person.

b. Which country is better off?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Country a has a population of 1000 of who 800 work 8 hours

Reference No:- TGS0945902

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Is early food experiences can impact development

Early food experiences can impact development over several learning domains, including Social and Emotional Development, Language

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

Discuss children diagnosed with developmental disabilities

When Min decided to begin his supervised field experience, he applied at a company in his hometown that provided applied behavior analysis

Discuss social worker working with foster children

You are a social worker working with foster children. You are making a home visit to Katie, age nine, and her foster family.

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Country a has a population of 1000 of who 800 work 8 hours

Reference No:- TGS0945902

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : The secret to producing more consumption goods in the

Q : What are the assumptions we need to have for our utility

Q : The price elasticity of demand the deadweight loss that

Q : Draw a production possibilities curve ppc with an aggregate

Q : Country a has a population of 1000 of who 800 work 8 hours

Q : Draw the circular flow model of a simple economy with the

Q : Draw the probable production possibilities curve for an

Q : Assume that the demand for plastic surgery is price

Q : Explain how if at all each of the following events effects