Question: (a) Using the same data and calculations from Problem 9.5, compute the implied real wage in 1948, 1978, and 2008. (b) Compute the average growth

(a) Using the same data and calculations from Problem 9.5, compute the implied real wage in 1948, 1978, and 2008.

(b) Compute the average growth rates of the real wage in

(a) for 1948–2008, 1948–1978, and 1978–2008.

(c) Compare the result for 1948–2008 to your computation of the growth rate of labor productivity in

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