Suppose labor productivity in the United States was $100,000 per worker in 2015. Calculate the value of labor productivity in 2035 (20 years later) if:
Instructions: Enter your responses rounded to the nearest penny (two decimal places).
a. Productivity continues to grow by 3.1 percent per year.
U.S labor productivity in 2035 would be $ 184,150.67 Numeric ResponseEdit Unavailable. 184,150.67 correct.per worker.
b. Productivity growth falls to 1.4 percent per year.
U.S. labor productivity in 2035 would be
