Explain by how much gdp increase if there are abor-force

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Q. If the average worker produces $80,000 of GDP, by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent?

Q. CONSIDER THE following statement More people are employed in Tappania now than at any time in the past 50 years. The unemployment rate in tappania is higher now than it has been in 50 years. Can both of those statments be true at the same time?

Reference no: EM1360378

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