Question

a. If the average North Korean farmer produces 1,500 pounds of food per year, what is the opportunity cost, In pounds of food, of North
Korea's army?

______ pounds of food per year

b. If a person needs at least 500 pounds of food per year to survive, how many people could have been fed with the forgone food output?

_____ people

Answer 1

Answer:

1,920,000,000 pounds of food per year and 3,840,000 people.

Step-by-step explanation:

1,280,000 active military members could have been farmers that produced 1,500 pounds of food per year. (1,280,000 farmers x 1,500 pounds of food = 1,920,000,000).

1,920,000,000 divided by 500 pounds of food per person is 3,840,000.