Employment rate is expected to remain constant

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In 2010, 60% of the population in the U.S. was of working age. In 2025, 56% of the U.S. population is expected to be of working age. Calculate the effect of this change in demographics on the annual growth rate of the GDP per capita if the GDP per worker is expected to grow at an annual rate of 1% until 2025 and the employment rate is expected to remain constant?

Reference no: EM131007704

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