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Suppose labor productivity is $100,000 per worker in 2015. Calculate the value of labor productivity in 2035 (20 years later): Instructions: Enter your responses rounded

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Suppose labor productivity is $100,000 per worker in 2015. Calculate the value of labor productivity in 2035 (20 years later): Instructions: Enter your responses rounded to the closest $100. a. Productivity grows by 3.1 percent per year. U.S labor productivity in 2035 would be $[ per worker. b. Productivity is lower, growing by only 1.4 percent per year. U.S. labor productivity in 2035 would be $ per worker. c. How much lager would labor productivity per worker be in 2035 with the higher growth rate compared to the lower growth rate. Instructions: Enter your responses rounded to two decimal places. times higher

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