4. Consider the following table containing data for Germany and Japan on the ratio of employment to...

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4. Consider the following table containing data for Germany and Japan on the ratio of employment to population in 1980 and 2010:

1980 2010 Germany 0.33 0.52 Japan 0.48 0.49

Using data from Table 7.1, find average labor productivity for each country in 1980 and 2010. How much of the increase in output per person in each country over the 1980 to 2010 period is due to increased labor productivity? To increased employment relative to population? (LO2)

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Principles Of Macroeconomics

ISBN: 9781264250356

8th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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