Country a Had a Population of 2,000,of Whom 1,300 Worked

question 11

Multiple Choice

Country A had a population of 2,000,of whom 1,300 worked an average of 8 hours a day and had a productivity of 5.Country B had a population of 2,500,of whom 1,700 worked 8 hours a day and had productivity of 4.Country

• A)A had the higher level of real GDP and real GDP per person.
• B)A had the higher level of real GDP and Country B had the higher level of real GDP per person
• C)B had the higher level of real GDP and Country A had the higher level of real GDP per person
• D)B had the higher level of real GDP and real GDP per person.

---

Definitions:

Salvage Value

The forecasted worth of an asset upon reaching the end of its utility.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the central bank's discount window.

Depreciable Equipment

Tangible assets used in production or operations that are written off over their useful lives due to wear and tear or obsolescence.

Salvage Value

Salvage value is the estimated resale value of an asset at the end of its useful life, relevant in depreciation calculations.