What are the growth rates of potential gdp in two countries

Reference no: EM13237987

Country A and country B have identical population growth rates of 1% per annum, and everyone in each country always works 40 hours a week. Labor productivity grows at a rate of 2% in country A and at a rate of 2.5% in country B. What are the growth rates of potential GDP in the two countries?

Reference no: EM13237987

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