Question
Use the table below to answer the questions that follow. Define productivity as GDP per worker, and please enter all answers as numerical values rounded
Use the table below to answer the questions that follow. Define productivity as GDP per worker, and please enter all answers as numerical values rounded to 3 decimal places, and not as percentages (i.e. 0.103 instead of 10.3%).
| GDP | Population | Workers | |
| Year = 1 | 1027 | 155 | 129 |
| Year = 2 | 1247 | 279 | 233 |
1) What is the GDP growth rate?
2) What is GDP per capita growth rate?
3) What is the productivity growth rate?
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
