The table provides some data for an economy in 2018 and 2019. Calculate labor productivity in 2018 and 2019. What is the growth rate of labor productivity in 2019? >>> Answer to 2 decimal places. Item Aggregate hours (billions) Real GDP (billions of 2012 dollars) 2018 2019 120.0 122.9 3,000 3,180

The table provides some data for an economy in 2018 and 2019. Calculate labor productivity in 2018 and 2019. What is the growth rate of labor productivity in 2019? >>> Answer to 2 decimal places. Item Aggregate hours (billions) Real GDP (billions of 2012 dollars) 2018 2019 120.0 122.9 3,000 3,180

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 1.1P

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Question

The table provides some data for an economy in 2018 and 2019.
Calculate labor productivity in 2018 and 2019.
What is the growth rate of labor productivity in 2019?
>>> Answer to 2 decimal places.
Item
Aggregate hours (billions)
Real GDP (billions of 2012 dollars)
2018 2019
120.0 122.9
3,000 3,180

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