In Ergonia, 5 million workers produce a real output of $500 billion in 2018 and the same number of workers produce $540 billion in 2019. a. Ergonia's labour productivity was $ in 2018 and $ b. Ergonia's rate of productivity growth between 2018 and 2019 was [ In 2019. %. Enter your response rounded to 1 decimal place.

In Ergonia, 5 million workers produce a real output of $500 billion in 2018 and the same number of workers produce $540 billion in 2019. a. Ergonia's labour productivity was $ in 2018 and $ b. Ergonia's rate of productivity growth between 2018 and 2019 was [ In 2019. %. Enter your response rounded to 1 decimal place.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 5E

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