Asked by petrus
what does gdp tell us about the level of labour productivity in a country
Answers
Answered by
Reed
GDP and productivity can be compared, but one really doesn't indicate the other. One has to compare the GDP per capita to productivity ratios of input and output (man-hours to product produced). It could take a lot of labor (input) to produce the GDP per capita, or not so many with the same result in GDP per capita.
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