Upland Has a Population of 15,000,of Whom 9,000 Work 8

question 56

Multiple Choice

Upland has a population of 15,000,of whom 9,000 work 8 hours a day to produce real output of $342,000.Lowland has a population of 8,000,of whom 7,000 work 7 hours a day to produce real output of $171,500.

• A)Upland has higher productivity and higher real GDP per person than Lowland.
• B)Upland has higher productivity but lower real GDP per person than Lowland.
• C)Upland has lower productivity but higher real GDP per person than Lowland.
• D)Upland has lower productivity and lower real GDP per person than Lowland.

---

Definitions:

Resource Availability

The extent to which inputs required for production, such as raw materials, labor, and capital, are readily obtainable in the economy or market.

Technological Capabilities

The skills, knowledge, tools, and processes available to an individual, organization, or society that enable technological developments or innovations.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service at a reduced opportunity cost compared to their rivals, thereby gaining specialized production and advantages in trade.

Production Possibilities

The different quantities of goods that an economy can produce with a certain set of resources and technology.