MyLab Economics with Pearson eText -- Access Card -- for Macroeconomics
MyLab Economics with Pearson eText -- Access Card -- for Macroeconomics
7th Edition
ISBN: 9780134739441
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 11, Problem 11.1RDE

Sub part (a):

To determine

The relationship between labor productivity in the manufacturing sector and non-farm business sector.

Sub part (b):

To determine

The relationship between labor productivity in the manufacturing sector and non-farm business sector.

Sub part (c):

To determine

The relationship between labor productivity in the manufacturing sector and non-farm business sector.

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The United Nations Human Development Report gives the following data for real GDP per person in​ 2018: China,​ $15,270; Russia,​$24,233; Canada,​ $43,433; United​ States, $54,941.    Life expectancy at birth is 79.3 in​ Canada, 78.8 in the United​ States, 76.6 in​ China, and 72.3 in Russia.    Freedom House rates political freedom each​ year, and its ratings are as​follows: Canada,​ 1.0; the United​ States, 1.5;​ Russia, 6.5; and​ China, 6.5​ ((1.0 is the most free and 7.0 is the least​ free).      How do life expectancy at birth and political freedom change the relative ranking of living standards that real GDP per person​ indicate?       Question content area bottom Part 1   A. They​ don't change the relative ranking because they rank countries in a similar way as real GDP per person ranks them.   B. They completely reverse the relative ranking because they rank countries exactly opposite to the way that real GDP per person ranks them.   C. They​ don't change…
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