Below Is the Productivity Per Worker (Kilos Per Day)in the Wheat

question 9

Multiple Choice

Below is the productivity per worker (kilos per day) in the wheat and bean industries of Caledonia and Ibrox.The working population in each country is 16 million people.

-Refer to the data above to answer this question.If each country is self-sufficient in the two products and each employs half of its working population in each industry,what is the total combined output that they are capable of producing?

• A)128 wheat and 0 beans.
• B)0 wheat and 128 beans.
• C)128 wheat and 128 beans.
• D)64 wheat and 64 beans.

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Definitions:

Inflation

The frequency at which the overall pricing of goods and services heightens, eroding the ability to buy.

Price Level

A measure indicating the average price of goods and services in an economy, often compared over time to assess inflation or deflation.

Inflation

The rate at which the cost of goods and services goes up, thereby reducing the purchasing capacity.

Period

A length or portion of time.