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Answered Same Day Aug 04, 2021

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Komalavalli answered on Aug 06 2021
152 Votes
EXERCISE 4

From the above graph we can see that there is a positive co
elation between Real GDP per hour of Labor(Y/L) and Capital per hour of labor (K/L) i.e. Labor Productivity for both years. Increase in labor productivity leads to increase output, Overall it will lead to an increase in...
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