Question
In 2008 output for the country of OZ was 12,000 tons of potatoes and the total labor force 1,100 workers. In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers.
b. The growth rate of average labor productivity between 2008 and 2009.
Is the answer 13.932% increase?
b. The growth rate of average labor productivity between 2008 and 2009.
Is the answer 13.932% increase?
Answers
Also,
2008:
Employment = 1,000 workers
Unemployment = 100 workers
2009
Employment = 1,100 workers
Unemployment = 50 workers
2008:
Employment = 1,000 workers
Unemployment = 100 workers
2009
Employment = 1,100 workers
Unemployment = 50 workers
Upon recalculation I believe my answer should be 8.33% instead of 13.93%.
Related Questions
In 2008 output for the country of OZ was 12,000 tons of potatoes and the total labor force 1,100 wor...
According to the USGS, how much total copper was contained in world reserves as of 2018?(1 point)
R...
According to the USGS, how much total copper was contained in world reserves as of 2018?(1 point)
R...
According to the USGS, how much total copper was contained in world reserves as of 2018?(1 point)
R...