The real (inflation-adjusted) value of U.S. manufacturing output and related manufacturing employment was (a) How many manufacturing

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The real (inflation-adjusted) value of U.S. manufacturing output and related manufacturing employment was

Output Employment $5,876 billion 17,321,000 2000 $5,927 billion 2013 11,982,000


(a) How many manufacturing jobs were lost between 2000 and 2013? 

(b) How much did output increase? 

(c) What was average manufacturing productivity (output per worker) in

(i) 2000? 

(ii) 2010?

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Related Book For  book-img-for-question

The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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