In Econland Total Output Is $8 Billion, Population Equals 500,000

question 148

Multiple Choice

In Econland total output is $8 billion, population equals 500,000 people, and, of these, 400,000 are employed workers. Output per person in Econland equals ________ and average labor productivity equals ________.

• A)$20,000; $16,000
• B)$16,000; $20,000
• C)$20,000; $20,000
• D)$16,000; $16,000

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Definitions:

Secondary Sex Characteristics

These are features that develop during puberty but are not directly related to reproduction, such as breast development in females and beard growth in males.

Peer Relationships

Social connections between individuals of similar age, which play a crucial role in emotional and social development.

Cognitive Changes

Cognitive changes refer to alterations in cognitive function, which can include memory, problem-solving, attention, and language abilities, due to various factors like aging, disease, or injury.

Abstractly

Thinking in a way that is not concrete, dealing with ideas and concepts in a generalized or theoretical manner.