Question

Suppose a country's productivity last year was 84. If this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Answer 1

Answer:

88.2

Explanation:

Calculation for what the year's productivity will have to be:

Year's productivity=(84*(1+0.05))

Year's productivity=(84 * 1.05)

Year's productivity=88.2

Therefore this means that this year's productivity will have to be:88.2