Question: Question 7 - 6 points ( 2 points each ) Suppose labor productivity in the United States was $ 1 0 0 , 0 0

Question 7-6 points (2 points each)
Suppose labor productivity in the United States was $100,000 per worker in 2015. Calculate the value of labor productivity in 2035(20 years later) if:
a) Productivity continues to grow by 3.3 percent per year.
U.S labor productivity in 2035 would be per worker.
b) Productivity growth falls to 1.5 percent per year.
U.S. labor productivity in 2035 would be per worker.
c) How much larger would labor productivity per worker be in 2035 with the higher growth rate as compared to the lower growth rate?
$ or %.
Question 7 - 6 points ( 2 points each ) Suppose

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