Assume that the share of population employed in all countrie

Assume that the share of population employed in all countries is 50%. Based on the information below, which country has the smallest real GDP per capita? CountryPopulation (millions)Average labour productivity (S) 100 150 75 250 95 2000 10 000 25 000 50 000 60 000 Select one: a. Country B b. Country A c. Country D Od. Country C

Solution

Ans

1 country A because population multiplied by average productivity is lowest

2 credibility is right option

3 It shifts longrun Aggregate supply

4 your answer D again is right. Long run exchange rate is predicted better by it