Rate of change in labor productivity over the year

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Reference no: EM131005050

Between Q1, 2014 and Q1, 2015 measured Output in the non- farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%. What was the % rate of change in labor productivity over the year? Explain your answer briefly.

Reference no: EM131005050

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