Principles Of Macroeconomics V 8.0
Principles Of Macroeconomics V 8.0
18th Edition
ISBN: 9781453378717
Author: Taylor
Publisher: BOSTON ACADEMIC (DBA FLAT WORLD)
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Chapter 7, Problem 34P

Say that the average worker in Canada has a productivity level of $ 3 0 per hour while the average worker in the United Kingdom has a productivity level of $ 25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1 % per year while worker productivity in the UK grows 3 % per year. After five years, whiz) will have the higher productivity level, and by how much?

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Principles Of Macroeconomics V 8.0

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