In 2004, the average productivity of a worker from Canada was $12. Suppose that Canada has a growth rate of 3.2%. a. What is Canada's productivity after 3 years? b. What is Canada's productivity after 11 years?
In 2004, the average productivity of a worker from Canada was $12. Suppose that Canada has a growth rate of 3.2%. a. What is Canada's productivity after 3 years? b. What is Canada's productivity after 11 years?
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
Problem 19SQ
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In 2004, the average productivity of a worker from Canada was $12. Suppose that Canada has a growth rate of 3.2%.
a. What is Canada's productivity after 3 years?
b. What is Canada's productivity after 11 years?
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