Say that a country experienced an increase in its labor


Say that a country experienced an increase in its labor force participation rate from 45% to 55% over 10 years.

A. What would be the impact on the annual growth of GDP per capita?

B. What might be causing this change?

Solution Preview :

Prepared by a verified Expert
Business Economics: Say that a country experienced an increase in its labor
Reference No:- TGS02379984

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)