Mathematics, 17.04.2020 17:04 jpwalker9017

Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. in years 2 and 3, worker-hours are 120 and 130 and units of out-put are 216 and 260, respectively. using year 2 as the base year, calculate (a) the productivity index for all three years and (b) the rates of productivity growth.

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Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. in years 2 and 3,...