Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506893
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 13, Problem 5CQ
To determine
Differences in the wage earnings and productivity.
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Students have asked these similar questions
Which one of the following is not a determinant of productivity?
A greater stock of labor.
More human capital per worker.
More physical capital per worker.
Technological advancement.
All of the answers are determinants of productivity.
Would you expect the relative returns to primary education, on the one hand, and secondary and postsecondary education, on the other hand, to change as economic development takes place?
What has happened to the rate of productivity
growth over the past 50 years? How might you
explain this phenomenon?
Chapter 13 Solutions
Microeconomics: Private and Public Choice (MindTap Course List)
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Similar questions
- Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2 for 25 years and the productivity of Mexicos workers grows at 6 for 25 years, which country will have higher worker productivity at that point?arrow_forwardSay that the average worker in Canada has a productivity level of 30 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?arrow_forward
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