Say that the average worker in Argentina has productivity of $10 per hour while the average worker in Brazil has productivity of $12 per hour (both measured in U.S. dollars). If worker productivity, over the next 8 years, grows 1.5% per year in Brazil and 5% in Argentina. At the end of the 8 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 productivity of $10 per hour while the average worker in Brazil has productivity of $12 per hour (both measured in U.S. dollars). If worker productivity, over the next 8 years, grows 1.5% per year in Brazil and 5% in Argentina. At the end of the 8 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).

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 2.4P

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