Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 24, Problem 11SPPA
To determine
To explain:
The reason potential GDP worker per week is more in the United States than in Europe, also the fact that persuades Europeans for same duration the Americans do and whether it helps to cover the gap between potential GDP of the two.
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Suppose there are two countries Alpha and Beta with the the following values
Population
327 million
1,393 million
Alpha
Beta
GDP
$20,494 billion
$13,608 billion
Labor Force
159 million
756 million
< Prev
Calculate the labor force productivity for Alpha and Beta.
Instructions: Enter your answers as whole numbers.
What would have to be the GDP in Beta for this country to have the same labor productivity as Alpha?
$billion
Labor Force
Productivity
128.89
18
9 of 9
Next
Use the table to answer the questions. Round your answers to the nearest cent.
Country
Gross domestic product (GDP)
Population
Country A
$1.5$1.5 trillion
100100 million
Country B
$5$5 trillion
400400 million
What is the GDP per capita for Country A?
$
What is the GDP per capita for Country B?
$
Which country has the largest average GDP per capita?
Country B
Country A
lacmillan Learning
Use the table to answer the questions. Round your answers to the nearest cent.
Population
Country Gross domestic product (GDP)
Country A
Country B
$1.5 trillion
100 million
$5 trillion
400 million
What is the GDP per capita for Country A?
$
What is the GDP per capita for Country B?
$
Which country has the largest average GDP per capita?
O Country A
O Country B
Chapter 24 Solutions
Foundations of Economics (8th Edition)
Ch. 24 - Prob. 1SPPACh. 24 - Prob. 2SPPACh. 24 - Prob. 3SPPACh. 24 - Prob. 4SPPACh. 24 - Prob. 5SPPACh. 24 - Prob. 6SPPACh. 24 - Prob. 7SPPACh. 24 - Prob. 8SPPACh. 24 - Prob. 9SPPACh. 24 - Prob. 10SPPA
Ch. 24 - Prob. 11SPPACh. 24 - Prob. 1IAPACh. 24 - Prob. 2IAPACh. 24 - Prob. 3IAPACh. 24 - Prob. 4IAPACh. 24 - Prob. 5IAPACh. 24 - Prob. 6IAPACh. 24 - Prob. 7IAPACh. 24 - Prob. 8IAPACh. 24 - Prob. 9IAPACh. 24 - Prob. 1MCQCh. 24 - Prob. 2MCQCh. 24 - Prob. 3MCQCh. 24 - Prob. 4MCQCh. 24 - Prob. 5MCQCh. 24 - Prob. 6MCQCh. 24 - Prob. 7MCQCh. 24 - Prob. 8MCQ
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