Suppose That the Share of Population Employed in Country B

question 25

Multiple Choice

Suppose that the share of population employed in Country B is 50 percent, and that Countries B and C have the same real GDP per capita. Based on the information in the table, what share of Country C's population must be employed?  
$\begin{array}{|c|r|r}\hline \text { Country } & \text { Population (millions) } & \text { Average Labor Productivity (\$) } \\\hline \mathrm{A} & 100 & 2,000 \\\hline \mathrm{B} & 150 & 10,000\\\hline \mathrm{C} & 75 & 25,000 \\\hline \mathrm{D} & 250 & 50,000 \\\hline \mathrm{E} & 95 & 60,000 \\\hline\end{array}$

• A)5.0 percent
• B)20.0 percent
• C)40.0 percent
• D)50.0 percent

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Definitions:

Average Daily Receipts

The average amount of cash generated through sales or services rendered on a daily basis.

Customers

Individuals or businesses that purchase goods or services from a company.

Collection Delay

The time lag between when a payment is made by a buyer and when the funds become available to the seller.

Average Daily Float

Indicates the average amount of un-cleared checks or unprocessed transactions in a company's bank account over a certain period, impacting the available balance.