Suppose that Person A earns $35,000 per year and Person B earns $42,000. (i) Find the exact

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Suppose that Person A earns $35,000 per year and Person B earns $42,000.

(i) Find the exact percentage by which Person B’s salary exceeds Person A’s.

(ii) Now, use the difference in natural logs to find the approximate percentage difference.

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Introductory Econometrics A Modern Approach

ISBN: 9781337558860

7th Edition

Authors: Jeffrey Wooldridge

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Question Posted: Jul 08, 2020 02:31 AM

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Suppose that Person A earns $35,000 per year and Person B earns $42,000. (i) Find the exact

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Income of A is equal to 35000 per year and B42000 per ye...View the full answer

Introductory Econometrics A Modern Approach

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