Question

show how would you measure productivity growth for the united states if all we can observe...

show how would you measure productivity growth for the united states if all we can observe is growth data on output and factors of production?

Homework Answers

Answer #1

Productivity per individual factors of production can be measured in a way where the output divided by the particular factor of production give to the productivity of that factor and with this we can get to calculate the productivity of various factors of production such as labor, capital employed etc and with this we can get to compare from the previous year where productivity has increase with one particular factor sorry degrees and then take necessary steps to maintain or regain on the whole

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