In Econland total output is $8 billion, population equals 500,000 people, and, of these, 400,000 are employed workers. Output per person in Econland equals ________ and average labor productivity equals ________.

A. $20,000; $20,000
B. $16,000; $20,000
C. $20,000; $16,000
D. $16,000; $16,000


Answer: B

Economics

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