Figure 3-5 shows that in Canadian data, labours share of total income is approximately a constant over
Question:
Figure 3-5
Table 3-1
Annual Growth in Labour Productivity and Real Wages:
The Canadian Experience
Transcribed Image Text:
Ratio of labour income to total income 1.0 0.8 0.6 0.4 0.2 Year Time Period 1961-2007 1961-1973 1973-1981 1981-1989 1989-2000 2000-2007 Labour Productivity Growth 1.7% 3.0% 1.3% 1.2% 1.5% 1.0% Real Wage Growth 17% 3.9% 1.4% 0.3% 0.8% 1.2%
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Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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