Connect with a community of experts and enthusiasts on IDNLearn.com. Our experts provide timely and accurate responses to help you navigate any topic or issue with confidence.
Sagot :
If the economy has 100 workers, then the economy can produce a maximum of 500 tennis rackets.
Given, MPLT = 5 tennis rackets
MPLB = 4 baseball bats Number of workers =100
So, if the economy has 100 workers, then, 5 × 100 = 500
Hence, the economy can produce 500 tennis rackets.
There are two main sources of growth of the economy. First is the growth in the size of the workforce and second, growth in the productivity of that workforce.
Hence, either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income.
To learn more about economy here:
https://brainly.com/question/18461883
#SPJ4
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.