In both Gamma and Delta average labor productivity is $40,000 per worker per year. The population of Gamma is 200,000 and the population of Delta is 400,000. Fifty percent of the population in each country is employed. Total output in Gamma is ________ and total output in Delta is ________.
A. $2. 4 billion; $4. 8 billion
B. $4 billion; $8 billion
C. $8 billion; $16 billion
D. $100,000; $200,000
Answer: B
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A) experience; experience B) experience; inspection C) inspection; inspection D) experience; credence
Economic theory is necessary and extremely important because of its relationship to economic policy.
Answer the following statement true (T) or false (F)
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