Question: Question 7 - 6 points ( 2 points each ) Suppose labor productivity in the United States was $ 1 0 0 , 0 0
Question points points each
Suppose labor productivity in the United States was $ per worker in Calculate the value of labor productivity in years later if:
a Productivity continues to grow by percent per year.
US labor productivity in would be per worker.
b Productivity growth falls to percent per year.
US labor productivity in would be per worker.
c How much larger would labor productivity per worker be in with the higher growth rate as compared to the lower growth rate?
$ or
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