The Country of Northland Produced $1,000 Billion of Output in One

question 33

Multiple Choice

The country of Northland produced $1,000 billion of output in one year. The population of Northland was 50 million, of whom 30 million were employed. What was average labor productivity in Northland?

• A)$20
• B)$33
• C)$20,000
• D)$33,333

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Definitions:

Insulin

A substance secreted by the pancreas that controls levels of blood sugar by aiding the absorption of glucose by the body's tissues.

Blood Glucose Level

The concentration of glucose present in the blood, which is a critical indicator of metabolic health and is regulated by insulin and glucagon.

Ghrelin Production

The process of producing ghrelin, a hormone primarily released by the stomach that stimulates appetite.

Leptin Levels

Concentrations of leptin, a hormone involved in regulating energy balance and appetite.