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Say that the average worker in Texas has productivity of $19 per hour while the average worker in Florida has productivity of $17 per hour.
Say that the average worker in Texas has productivity of $19 per hour while the average worker in Florida has productivity of $17 per hour. If worker productivity, over the next 8 years, grows 5% per year in Texas and 2.2% in Florida. At the end of the 8 years, how much more productive are Texan workers relative to Floridian, in percentage terms. (Do not include the % sign, round your answer to include 2 decimal places).
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