Say that the average worker in Texas has productivity of $18 per hour while the average worker in Florida has productivity of $17 per hour

Economics Jan 02, 2022

Say that the average worker in Texas has productivity of $18 per hour while the average worker in Florida has productivity of $17 per hour. If worker productivity, over the next 15 years, grows 5% per year in Texas and 2.2% in Florida. At the end of the 15 years, how much more productive are Texan workers relative to Floridian, in percentage terms. (Do not include the % sign, round your answer to include 2 decimal places).