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Please help by providing detailed explanations and answers. Thank you. Note: For part (c), the total percentage change over the 15-year period need to be

Please help by providing detailed explanations and answers. Thank you.

Note:

For part (c), the total percentage change over the 15-year period need to be calculated for:

(I) the Real GDP,

(II) the Real GDP per?worker, and

(III) the Real GDP per hour?worked.

image text in transcribed
o The table below shows data over several years for a muntry's real GDP, the number ocl fulltime employed workers {E}, and: the annual average number of hours worked per worker (H). Number of Hours Full-time Worked Employed per Workers Worker GDP GDP Your Real GDP {E} [H] E E X H 1 $500 13.0 ll] billion million 5 $515 13.6 196.5 billion million 1|] $66!] 1-1.3 193\"] billion million 15 $F'60 15.0 1900 billion million a. For each of the four years' compute real GDP per workera standard measure of labour productivity. b. For each year, compute a slightly more complex measure of labour productivityreal GDP per hour worked. a. For the 15year period, compute the total percent age change for real GDP and bod: mm of productivity. :I. Explain urn].r the two measures of productivity grow at different rates over the 15-year period. e. Explain which measureis likely to be a more accur- ate indication of productivity, and why

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