The Value of Output Was $1,000 Billion in Northland and $2,000

question 72

Multiple Choice

The value of output was $1,000 billion in Northland and $2,000 billion in Southland. The population of Northland was 50 million and the population of Southland was 120 million. There were 30 million employed workers in Northland and 75 million employed workers in Southland. Average labor productivity was higher in ________ and the standard of living was ________.

• A)Northland; the same in both countries
• B)Northland; higher in Northland
• C)Southland; the same in both countries
• D)Southland; higher in Southland

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Definitions:

Reciprocity

The practice of exchanging things with others for mutual benefit, especially privileges granted by one country or organization to another.

Closeness

The feeling of being emotionally close or intimate with another person, characterized by mutual trust, sharing, and affection.

Knowledge

Facts, information, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Trust

The belief in the reliability, truth, ability, or strength of someone or something, fundamental to building and maintaining social relationships.