=+per year. The average education level hasnt changed. Estimates by economists say that each 1% increase in

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=+per year. The average education level hasn’t changed. Estimates by economists say that each 1% increase in physical capital per worker, other things equal, raises productivity by 0.3%. (Hint: % change in (X/Y) = % change in X— % change in ¥.)

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 08, 2024 01:00 AM

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=+per year. The average education level hasnt changed. Estimates by economists say that each 1% increase in

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Economics

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