LO17-15. If the labor force increases by 1.1 percent each year and productivity increases by 2.8 percent,

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LO17-15. If the labor force increases by 1.1 percent each year and productivity increases by 2.8 percent, how fast will output grow?

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The Macro Economy Today

ISBN: 9781264370580

15th Edition

Authors: Bradley R. Schiller; Karen Gebhardt

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