Which of the following explanations have been offered as reasons for this change in productivity? Check all that apply.   A. Advances in information technology   B. Lagging investments   C. Inadequate workforce skills

Q: Which of the following does NOT influence growth of labor productivity? discovery of new…

A: Labor productivity refers to the productivity or total output produced by the labor employed.  Labor…

Q: 35. The endogenous growth model's assumption of constant returns to capital is more plausible if…

A: The endogenous growth theory is based on the idea that economic growth occurs due to internal…

Q: Which of the following are sources of growth?

A: Find : Which of the following are sources of growth?

Q: The graph shows the U.S. productivity curve in 1960.    Draw a point to show real GDP per hour of…

A: * ANSWER :-

Q: How do we measure labor productivity? How do changes in labor productivity affect the U.S. standard…

A: Labor productivity of a country measures output produced by the country in an hour for a firm it is…

Q: 8. In 1990 real GDP per capita in the US was $40000. In 2004 real GDP per capita was $80000. What…

A: Real GDP per capita: - it is inflation-adjusted per person output or real output per person of an…

Q: None

A: Approach to solving the question: To tackle the question, the approach involved initially grasping…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: Productivity is a proportion of economic execution that looks at how much labor and products are…

Q: Explain in details the four factors of production and their earnings by explaining their main…

A: Four factors of production and their earnings 1)land Earning-rent Land is given for rent for the…

Q: Which country's labor force has a lower productivity?      A) Uruguay       B) Paraguay       C)…

A: The labor productivity is an amount of GDP produced by 1 hour of labor and is measured by dividing…

Q: Calculate the implied growth rate of technology in each scenario. Assume labor's share of output is…

A: The implied growth rate of technology can be calculated as follows: Implied growth rate of…

Q: In the long run, what will be the source of a country’s economic growth? a. Labor costs b. Labor…

A: Human capital is what makes long-run economic growth possible.

Q: What is the likely effect on a country's labor productivity if there is significant investment in…

A: Labor productivity shows the workforce productivity. It is the measure of the output produced per…

Q: What are the two main factors that affect labor productivity?

A: The major two factors which are to be understood which affect the labor productivity are: Technical…

Q: Labor productivity and economic growth outlined the logic of how increased productivity is…

A: Labor(L) productivity refers to the amount of output(Q) produced per unit of labor(L) input.The…

Q: Explain the following concepts and their importance in production process (i) Productivity (ii)…

A: Productivity, efficiency and Technology are the three important thing in production process.

Q: Technological change and labor productivity are positively related

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Economic Growth – End of Chapter Problem Discuss an example of technological progress not mentioned…

A: a)Because of technological change,productivity of worker increases. Therefore answer is…

Q: Which of the following is not likely to cause a decrease in labor productivity? a decline in student…

A: Labor productivity measures the output per unit of labor.  i.e., Labor productivity = (Output /…

Q: Economist believe there is a strong correlation between productivity and the standard of living.…

A: Productivity: - Productivity is the production capacity of input used. Standard of living: - it…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: The productivity refers to the efficiency in production of goods and services. It is described as…

Q: Outline the main factors which determine the level of productivity in a country

A: Productive of a country is determined by the level of goods and services manufactured in the…

Q: Why does productivity growth in high-income economies not slow down as it runs into diminishing…

A: Productivity alludes to the proportion of the result of a business, or an economy contrasted with…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: There are four determinants of productivity. They are: Physical capital Human capital Natural…

Q: 7. Which of the following are sources of growth?

A: Economic growth is the growth in the output level in an economy. Output level can be increased by…

Q: Define the term labor productivity?

A: Labour productivity  is the amount  of output traditional labour  turns out in an hour of work, in a…

Q: What conclusions could we draw from the following productivity ratios: a. Productivity>1 b.…

A: In an organization, the productivity ratio is used to analyze the connection between the total…

Q: What two factors are the keys to determining labor productivity?the business cycle and the growth…

A: Labor productivity refers to the quantity of good or service a worker or a one hour of work is able…

Q: Explain how each of the following contributed to fast or slow growth in labor productivity and to…

A: Labor productivity is an important economic measure of how well labor is able to produce goods and…

Q: Xplain how advances in technology change labor productivity. Do diminishing returns arise? Provide…

A: In a market economy, the production function links supply (such as labor and capital) to output.…

Q: (a) Explain the concept of labor productivity as interpreted in macroeconomic analysis.  (b) Name…

A: a) Labor productivity: In macroeconomic analysis, labor productivity can be defined as a way to…

Q: How does each variable in the production function reflect economic prosperity for a nation?

A: Answer in step 2

Q: 1. Technological change and labor productivity are positively related

A: Positive relation: It means that two or more variables move in the same direction.

Q: What contribution can MSME's (Micro-, Small-, and Medium-Enterprises) give towards a sustained…

A: In an economy, MSMEs are a business organization that is operated with fewer workers and makes…