Chapter 20: Problem 31
As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
Chapter 20: Problem 31
As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
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Get started for freeHow is GDP per capita calculated differently from labor productivity?
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. After five years, who will have the higher productivity level, and by how much?
What is capital deepening?
Describe some of the political and social trade-offs that might occur when a less developed country adopts a strategy to promote labor force participation and economic growth via investment in girls' education.
Are there other ways in which we can measure productivity besides the amount produced per hour of work?
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