Suppose that average labor productivity in Country C is $5,000, and that Countries C and E have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country E?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540 

A. $1,500
B. $6,250
C. $4,500
D. $1,000


Answer: B

Economics

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Economics

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Economics