Suppose That in Ireland Total Annual Output Is Worth $600

question 308

Multiple Choice

Suppose that in Ireland total annual output is worth $600 million and people work 30 million hours.In Canada total annual output is worth $800 million and people work 50 million hours.Productivity is higher

• A) in Ireland. Most variation in the standard of living across countries is due to differences in productivity.
• B) in Ireland. Differences in productivity explain very little of the variation in the standard of living across countries.
• C) in Canada. Most variation in the standard of living across countries is due to differences in productivity.
• D) in Canada. Differences in productivity explain very little of the variation in the standard of living across countries.