Here are some macroeconomic data for the country of As the data suggest, Oz produces only potatoes,
Question:
As the data suggest, Oz produces only potatoes, and its monetary unit is the shekel. Calculate each of the following macroeconomic variables for Oz, being sure to give units.
a. Average labour productivity in 2011 and 2012.
b. The growth rate of average labour productivity between 2011 and 2012.
c. The unemployment rate in 2011 and 2012.
d. The inflation rate between 2011 and 2012.
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Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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