Question: Assume that total output is determined by this formula: Number of workers productivity = total output (Output per worker) (a) If the workforce is

Assume that total output is determined by this formula:
Number of workers × productivity = total output
(Output per worker)
(a) If the workforce is growing by 1 percent but productivity doesn't improve, how fast can output increase?
(b) If productivity increases by 3 percent and the number of workers increases by 1 percent a year, how fast will output grow?

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