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Say that the average worker in Canada has productivity of $33 per hour while the average worker in the United Kingdom has productivity of $29 per hour (both measured in U.S. dollars). Over the next six years, say that worker productivity in Canada grows at 1% per year while worker productivity in the UK grows 3% per year. At that point, who will have the higher productivity level, and by how much?

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jepessoa

Answer:

The answer is: Canadian workers will still have a higher productivity, it will be $0.40 per hour higher.

Explanation:

We can elaborate the following productivity table:

Year     Canadian productivity                 British productivity

0                   $33 per hour                        $29 per hour

1                   $33.33 per hour                    $29.87 per hour

2                  $33.66 per hour                    $30.77 per hour

3                  $34 per hour                         $31.69 per hour

4                  $34.34 per hour                    $32.64 per hour

5                  $34.68 per hour                   $33.62 per hour

6                  $35.03 per hour                   $34.63 per hour

At the end of year 6, Canadian workers' productivity will be $35.03 and British workers' productivity will be $34.63 per hour (Canadian workers will be $0.40 more productive).

At the end of 6 years, the Canadian workers will have higher productivity than UK workers and the difference between their productivities will be $0.76 per hour.

What do you mean by productivity?

The level of performance in the manufacturing process is referred to as productivity. In the production process, it's commonly stated as the ratio of aggregate output to aggregate input.

The productivity of workers in Canada and the UK will increase by the given percentages each year.

In this case every year Canadian workers' productivity will increase by $ 0.33 per hour and by $ 0.87 per hour for the UK workers as explained in the image attached.

Hence, the Canadian workers' productivity will be $34.98 per hour at the end of six years while British workers' productivity will be $34.22 per hour.

The Canadian workers will be more productive by $0.76 per hour.

To learn more about Productivity, refer to the link:

https://brainly.com/question/2992817

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