ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Say that the average worker in Argentina has productivity of $10 per hour while the average worker in Brazil has productivity of $12 per hour (both measured in U.S. dollars). If worker productivity, over the next 8 years, grows 1.5% per year in Brazil and 5% in Argentina. At the end of the 8 years, how much more productive are argentinian workers relative to brazillian, in percentage terms. (Do not include the % sign, round your answer to include 2 decimal places).

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