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Suppose that in an economy, 100 worker-hours produce 160 units of output in year 1. In year 2, worker-hours are 120 and output is 216.
- Suppose that in an economy, 100 worker-hours produce 160 units of output in year 1. In year 2, worker-hours are 120 and output is 216. In year 3, worker-hours are 130 and output is 260. Using year 2 as the base year, calculate the following:
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Precalculus
Authors: Jay Abramson
1st Edition
1938168348, 978-1938168345
