In Macroland, 500,000 of the 1 Million People in the Country

question 48

Multiple Choice

In Macroland, 500,000 of the 1 million people in the country are employed. Average labor productivity in Macroland is $20,000 per worker. Real GDP per person in Macroland totals:

• A)$1,000.
• B)$10,000.
• C)$15,000.
• D)$40,000.

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Definitions:

Manipulate

To control or influence someone or something cleverly, unfairly, or unscrupulously, often without their knowledge.

Impressions

The initial perceptions or judgments formed about individuals or situations based on available sensory and contextual information.

Pygmalion Effect

The phenomenon whereby higher expectations lead to an increase in performance.

Performance

Performance refers to the execution of tasks and activities, and how effectively an individual, team, or organization achieves their objectives and goals.