Suppose That Average Labor Productivity in Country C Is $6,000

question 114

Multiple Choice

Suppose that average labor productivity in Country C is $6,000, and that Countries C and A have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country A? $$\begin{array} { | c | r | r r } \hline \text { Country } & \text { Pupulatim (millims) } & { \text { Share of Populatimu Emplayed } } \\\hline \text { A } & 100 & & 60 \\\hline \text { B } & 150 & 55 \\\hline \text { C } & 75 & 50 \\\hline \text { D } & 250 & 45 \\\hline \text { E } & 95 & 40 \\\hline\end{array}$$

• A)$1,800
• B)$2,400
• C)$5,000
• D)$7,200

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Definitions:

Conservative Financing Policy

A financial strategy that prioritizes safety and liquidity, often characterized by maintaining high cash reserves and using less leverage.

Trade Credit

An agreement in which a customer can purchase goods or services on account, paying the supplier at a later scheduled date.

Capital Budget

The process of planning and managing a company's long-term investments in major assets or projects.

Surplus Cash

Excess cash held by a company over and above its operating needs and plans, which can be invested or returned to shareholders.