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Say that the average worker in Mexico has productivity of $19 per hour while the average worker in Spain has productivity of $21 per hour
Say that the average worker in Mexico has productivity of $19 per hour while the average worker in Spain has productivity of $21 per hour (both measured in U.S. dollars). Over the next 13 years, say that worker productivity in Mexico grows at 8% per year while worker productivity in Spain grows at 1% per year. How much higher will the productivity level be in Mexico after 13 years? $_____ per hour
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