Suppose That in Germany Total Annual Output Is Worth $600

question 88

Essay

Suppose that in Germany total annual output is worth $600 million and people work 40 million hours. In France total annual output is worth $700 million and people work 50 million hours. In which country do people enjoy a higher standard of living?

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Definitions:

Proletariat

The class of wage earners, especially those who earn their living by manual labor or who are dependent for support on daily or casual employment; the working class.

IGE Score

An indicator used in economics to measure intergenerational mobility, reflecting the extent to which a parent’s income can predict their child’s income in adulthood.

College Instructor

An educator or academic who teaches courses at a college or university level, often focusing on a specific subject area or field of study.

Intergenerational Mobility

The movement or changes in social status and economic position that occur from one generation to the next within a family or community.