After you have studied Economics in the News on pp. 156157, answer the following questions. a. How
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After you have studied Economics in the News on pp. 156–157, answer the following questions.
a. How do the real GDP growth rates of Canada and the United States compare since 2006?
b. How do the real GDP-per-person growth rates of Canada and the United States compare since 2006?
c. How do we measure labour productivity?
d. Why might work hours per person have decreased in both the United States and Canada, and why might the U.S. decrease be greater than the Canadian decrease?
e. Explain why productivity is growing faster in the United States than in Canada. What must Canada do to replicate the U.S. productivity growth rate?
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a To compare the real GDP growth rates of Canada and the United States since 2006 you would need to ...View the full answer
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