If Real GDP Per Person in a Country Equals $40,000

question 79

Multiple Choice

If real GDP per person in a country equals $40,000 and 60 percent of the population is employed, then average labor productivity equals:

• A)$24,000.
• B)$40,000.
• C)$60,000.
• D)$66,667.

---

Definitions:

Zoning Regulations

Legal rules defining how property in specific geographic zones can be used, which may affect building types, dimensions, placement, and usage.

Community Attitudes

The prevalent beliefs, values, and opinions held by a community or society towards particular issues or subjects.

Zoning Restrictions

Regulations and ordinances that determine how property in specific geographic zones can be used.

Tangible Costs

Costs associated with an identifiable physical item or service, such as raw materials, labor, and manufacturing expenses.