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Questions
252 EC301 Principles of Macroeconomics
Single choice
If 12 Swiss farmers generate CHF 600,000 in real GDP, the output per worker would be
Options
A.a. CHF6,000
B.b. CHF 50,000
C.c. CHF 720,000
D.d. CHF 5,000
View Explanation
Standard Answer
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Approach Analysis
To determine output per worker, we divide total real GDP by the number of workers involved.
First, note the total GDP given is CHF 600,000 and the number of workers is 12.
Now, compute 600,000 ÷ 12......Login to view full explanationLog in for full answers
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