Complete the table below, then find the growth rate of output per capita from Year 1 to
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Year 2 Year 1 Year 3 285 million 1,900,000 2,900,000 Year 4 Total hours worked Employment 192 million 1,200,000 200 million 1,400,000 2,500,000 $52.50 per hour 368 million 2,100,000 3,200,000 $60 per hour Population Productivity Average hours per worker EPR Total output Real GDP per capita 2,000,000 $50 per hour $58 per hour
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The real GDP per capita measures the living standard of any country at a given time period The real GDP of an economy in a given time period can be ca...View the full answer
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