Say that the average worker in Argentina has a productivity of $15 per hour while the average worker in Brazil has a productivity of $14 per hour (both measured in U.S. dollars). If worker productivity, over the next 5 years, grows 3% per year in Brasil and 2% in Argentina. At the end of the 5 years, how much more productive are argentinian workers relative to brazillian, in percentage terms. (Do not include the % sign, round your answer to include 2 decimal places).
Say that the average worker in Argentina has a productivity of $15 per hour while the average worker in Brazil has a productivity of $14 per hour (both measured in U.S. dollars). If worker productivity, over the next 5 years, grows 3% per year in Brasil and 2% in Argentina. At the end of the 5 years, how much more productive are argentinian workers relative to brazillian, in percentage terms. (Do not include the % sign, round your answer to include 2 decimal places).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Say that the average worker in Argentina has a productivity of $15 per hour while the average worker in Brazil has a productivity of $14 per hour (both measured in U.S. dollars). If worker productivity, over the next 5 years, grows 3% per year in Brasil and 2% in Argentina. At the end of the 5 years, how much more productive are argentinian workers relative to brazillian, in percentage terms. (Do not include the % sign, round your answer to include 2 decimal places).
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