Here are some macroeconomic data for the country of Oz for the years 2014 and 2015. As

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Here are some macroeconomic data for the country of Oz for the years 2014 and 2015.

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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 labor productivity in 2014 and 2015.

b. The growth rate of average labor productivity between 2014 and 2015.

c. The unemployment rate in 2014 and 2015.

d. The inflation rate between 2014 and 2015.

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Macroeconomics

ISBN: 9780134167398

9th Edition

Authors: Andrew B. Abel, Ben Bernanke, Dean Croushore

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