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Country a Has a Population of 1,000, of Whom 700

question 167

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Country A has a population of 1,000, of whom 700 worked an average of 8 hours a day and had a productivity of 2.5. Country B has a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0. The country with the higher real GDP was


Definitions:

Acquiescence

The act of agreeing or consenting without protest, often with little enthusiasm or conviction.

Homeostasis

The ability of a living organism to maintain stable internal conditions despite changes in external environments.

Equilibrium

A state of balance or stability in which competing forces or influences are equal or in the correct proportions.

Stability

The quality of being consistent, steady, and unchanging over time, often used in psychological assessments of personality or mood.

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