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You work for the Treasury Department. GDP is $20T right now, and 100M workers make $8T in wages. You forecast that automation will increase Gross Domestic Product (our country's total output) by 28% over the next 10 years. Simultaneously, the US economy will lose 10M jobs (for simplicity, assume all jobs pay equally). By what percentage would labor productivity change? Answer to the nearest percentage point without the percent symbol. For example, if your answer is 43.23223%, enter 43 into the box. 4

You work for the Treasury Department. GDP is $20T right now, and 100M workers make $8T in wages. You forecast that automation will increase Gross Domestic Product (our country's total output) by 28% over the next 10 years. Simultaneously, the US economy will lose 10M jobs (for simplicity, assume all jobs pay equally). By what percentage would labor productivity change? Answer to the nearest percentage point without the percent symbol. For example, if your answer is 43.23223%, enter 43 into the box. 4

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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You work for the Treasury Department. GDP is $20T right now, and 100M workers make $8T in wages. You forecast that automation will increase Gross Domestic Product (our country's total output) by 28% over the next 10 years. Simultaneously, the US economy will lose 10M jobs (for simplicity, assume all jobs pay equally). By what percentage would labor productivity change? Answer to the nearest percentage point without the percent symbol. For example, if your answer is 43.23223%, enter 43 into the box. 4
Transcribed Image Text:You work for the Treasury Department. GDP is $20T right now, and 100M workers make $8T in wages. You forecast that automation will increase Gross Domestic Product (our country's total output) by 28% over the next 10 years. Simultaneously, the US economy will lose 10M jobs (for simplicity, assume all jobs pay equally). By what percentage would labor productivity change? Answer to the nearest percentage point without the percent symbol. For example, if your answer is 43.23223%, enter 43 into the box. 4
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