Respuesta :
Answer:
Workland has lower productivity but higher real GDP per person than Laborland.
Step-by-step explanation:
Consider the provided information.
Workland has a population of 10,000, of whom 7,000 work 8 hours a day to produce a total of 224,000 final goods.
Productivity = Output / Input
For Workland productivity is:
[tex]\frac{224,000}{7,000 \times 8}=\frac{224,000}{56,000}= 4[/tex]
Laborland has a population of 5,000, of whom 3,000 work 7 hours a day to produce a total of 105,000 final goods.
For Laborland, productivity is:
[tex]\frac{105,000 }{3,000\times 7}=\frac{105,000 }{21,000 }= 5[/tex]
Thus, Laborland has higher productivity .
To figure real GDP per person, divide output by population:
For Workland,
[tex]\frac{224,000}{10,000}= 22.4[/tex]
for Laborland,
[tex]\frac{105,000 }{5,000 }= 21[/tex]
Thus, Workland has a higher real GDP per person.
