Assume annual hours worked per person aged 1664 in the United States is equal to 1,000. Using
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Assume annual hours worked per person aged 16–64 in the United States is equal to 1,000. Using the data from Table 7.2 and the data from the “Country Snapshots” file (snapshots.pdf), compute GDP per hour for the other countries in Table 7.2 for the year 2000. (You can assume that hours worked was the same in 2000 as in 1993–1996.) Comment on what you find.
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TABLE 7.2 Hours Worked per Person Aged 16-64 (U.S. = 100) 1970-1974 82 105 105 94 110 100 127 1993-1996 64 68 75 Italy France Germany Canada United Kingdom United States Japan 100 104
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