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Assume that total output is determined by the formula: Total output = number of workers x productivity Hint Assume there are 100 workers and each

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Assume that total output is determined by the formula: Total output = number of workers x productivity Hint Assume there are 100 workers and each worker produces $100 of output Instructions: Round your responses to one decimal place, a. If the workforce is growing by 2 percent a year but productivity doesn't improve, how fast can output increase? Output can increase by OK EK nt b. If productivity increases by 3 percent and the number of workers increases by 2 percent a year, how fast will output grow? Output will grow by ences Complete the following table and answer the following questions. Before-Tax Income Tax Rate Tax Paid After-Tax Income High-income family $500,000 37% Middle-income family 50,000 20% Low-income family 20,000 10% Using the table, the ratio of a high-income family's to a low-income family's Instructions: Round your responses to one decimal place a before-tax income is: to 1 to 1 b. after-tax income is: c. Is this tax progressive

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