Over long periods of time, labor productivity growth rates must differ by at least ____ percent to yield significant differences in standards of living.

Name: Over long periods of time, labor productivity growth rates must differ by at least ____ percent to yield significant differences in standards of living.
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Question

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A 1% difference in labor productivity growth rates, compounded over long periods, can lead to significant differences in standards of living due to the effects of exponential growth.

Over Long Periods of Time, Labor Productivity Growth Rates Must