3. In Avataria, the share of the working age population decreased from 65% in 2000 to 53% in 2022. Assuming that there was no technological progress so that the productivity of workers remained the same during this period, what is the effect of this demographic change on the annual growth rate of GDP per capita in Avataria? Calculate the exact number.
3. In Avataria, the share of the working age population decreased from 65% in 2000 to 53% in 2022. Assuming that there was no technological progress so that the productivity of workers remained the same during this period, what is the effect of this demographic change on the annual growth rate of GDP per capita in Avataria? Calculate the exact number.
Chapter1: Making Economics Decisions
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Transcribed Image Text:3. In Avataria, the share of the working age population decreased from 65% in 2000 to
53% in 2022. Assuming that there was no technological progress so that the productivity of workers
remained the same during this period, what is the effect of this demographic change on the annual
growth rate of GDP per capita in Avataria? Calculate the exact number.
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