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Teaching Since: Apr 2017
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  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 08 May 2017 My Price 9.00

Two countries start with equal GDPs.

1. Two countries start with equal GDPs. The economy of Country A grows at an annual rate of 3 percent, whereas the economy of Country B grows at an annual rate of 4 percent. After 25 years, how much larger is Country B’s economy than Country A’s economy? Why is the answer not 25 percent?

2. If output rises by 35 percent while hours of work increase by 40 percent, has productivity increased or decreased? By how much?

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Status NEW Posted 08 May 2017 12:05 PM My Price 9.00

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