In Macroland, 500,000 of the 1 Million People in the Country

question 48

Multiple Choice

In Macroland, 500,000 of the 1 million people in the country are employed. Average labor productivity in Macroland is $20,000 per worker. Real GDP per person in Macroland totals:

• A)$1,000.
• B)$10,000.
• C)$15,000.
• D)$40,000.

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