In Both Gamma and Delta Average Labor Productivity Is $20,000

question 144

Multiple Choice

In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is ________ and total output in Delta is ________.

• A)$2.4 billion; $4.8 billion
• B)$8 billion; $4 billion
• C)$120,000; $800,000
• D)$4 billion; $8 billion

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Definitions:

Joint Benefit

The advantages or profits derived from a venture, project, or activity that are shared by all participating parties.

Department

A specialized functional area within an organization, focused on a specific area of activity or responsibility.

Selling Department

A division within a company responsible for managing sales activities and strategies to sell products or services.

Profit Center

A branch or division of a company that is responsible for generating its own revenue and profit.