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True or false: Workers in Europe work fewer hours than in the United States, and thus...

True or false:
Workers in Europe work fewer hours than in the United States, and thus per capita GDP is lower in Europe. Because per capita income is lower in Europe, Europeans are clearly worse off in terms of welfare than Americans

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Answer #1

Question:- Workers in Europe work fewer hours than in the United States, and thus per capita GDP is lower in Europe. Because per capita income is lower in Europe, Europeans are clearly worse off in terms of welfare than Americans.

Correct Answer:- False

Reason:-  the reason for the lower output in Europe was not fewer market hours, as was the case in the. 1993–96 period, but rather lower output per hour.

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