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Homework answers / question archive / Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U

Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U

Economics

Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1% per year while worker productivity in the UK grows 3% per year. At that point, who will have the higher productivity level, and by how much?

Instructions: Enter all numerical values to two decimal places.

Canadian Worker Productivity = $_______?________per hour

UK Worker Productivity = $__________?_________per hour

State which country is greater and by how much.

The (UK, Canadian)________?_______ worker productivity is _________times greater than (UK, Canadian)______________worker productivity at the end of 5 years.

 

 

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