3. Refer to the table below for an imaginary economy of Flowerland. Year Real GDP Population 2015 60 million 45 million 2016 70 million 50 million Based on the information given in the table...

Can you please answer the questions 3 and 4.3. Refer to the table below for an imaginary economy of<br>Flowerland.<br>Year Real GDP<br>Population<br>2015<br>60 million<br>45 million<br>2016<br>70 million<br>50 million<br>Based on the information given in the table calculate;<br>• Real GDP Per Person (or capita)<br>• Percentage increase in the real GDP per person over the<br>time period given and analyze.<br>4. In an imaginary economy of Cotton Land, 190,000 tons of<br>cotton were produced in a day. The number of people who were<br>involved in this production was 4500 and each of them worked<br>for 8 hours. Further, there are 50 companies that employed<br>these people in their processing plants. Calculate the<br>productivity of this economy.<br>

Extracted text: 3. Refer to the table below for an imaginary economy of Flowerland. Year Real GDP Population 2015 60 million 45 million 2016 70 million 50 million Based on the information given in the table calculate; • Real GDP Per Person (or capita) • Percentage increase in the real GDP per person over the time period given and analyze. 4. In an imaginary economy of Cotton Land, 190,000 tons of cotton were produced in a day. The number of people who were involved in this production was 4500 and each of them worked for 8 hours. Further, there are 50 companies that employed these people in their processing plants. Calculate the productivity of this economy.

Jun 09, 2022
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