Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001, GDP increased to $122800 and the population increased to 700. Between 2000 and 2001, did labor productivity increase, decrease, or stay the same in Singsville? OIncrease OStay the same ODecrease

Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001, GDP increased to $122800 and the population increased to 700. Between 2000 and 2001, did labor productivity increase, decrease, or stay the same in Singsville? OIncrease OStay the same ODecrease

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 6P

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Question

Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001, GDP increased to
$122800 and the population increased to 700.
Between 2000 and 2001, did labor productivity increase, decrease, or stay the same in Singsville?
Olncrease
Ostay the same
ODecrease

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