Ask Question
9 July, 14:37

Upland has a population of 15,000, of whom 9,000 work 8 hours a day to produce real output of $342,000. Lowland has a population of 8,000, of whom 7,000 work 7 hours a day to produce real output of $171,500. A. Upland has higher productivity and higher real GDP per person than Lowland. B. Upland has higher productivity but lower real GDP per person than Lowland. C. Upland has lower productivity but higher real GDP per person than Lowland. D. Upland has lower productivity and lower real GDP per person than Lowland.

+2
Answers (1)
  1. 9 July, 15:04
    0
    A. - Upland has higher productivity and higher real GDP per person than Lowland

    Explanation:

    GDP per person: GDP / population

    Productivity: GDP / hours worked

    GDP per person Upland 342,000 / 15,000 = 22,8

    Hours worked Upland = 9,000 * 8 = 72,000

    Productivity Upland = 342,000 / 72,000 = 4.75

    GDP per person Lowland 171,500 / 8,000 = 21.4375

    Hours worked Lowland 7,000 * 7 = 49,000

    Productivity Lowland = 171,500 / 49,000 = 3.5

    Comparison

    22.8 > 21.4375 & 4.75 > 3.5
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Upland has a population of 15,000, of whom 9,000 work 8 hours a day to produce real output of $342,000. Lowland has a population of 8,000, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers