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August 28, 2014

Homework Help: Economics

Posted by Susan on Monday, January 16, 2012 at 12:20am.

In 2008 output for the country of OZ was 12,000 tons of potatoes and the total labor force 1,100 workers. In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers.

b. The growth rate of average labor productivity between 2008 and 2009.
Is the answer 13.932% increase?

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