Determine the rate of labour productivity growth, Business Economics

1) Between mid 2008 and mid 2009 measured RGDP in the economy fell by 3.8% as the US economy sank into a recession. Over that same time period total employment in terms of hours worked declined by 7% and the unemployment rate rose sharply from 5.8% to 9.4%

What can you infer from this data about the rate of labor productivity growth in the US economy during this period? If possible give a numerical answer, but in any case explain your answer in a few sentences.

Posted Date: 3/29/2013 2:52:09 AM | Location : United States







Related Discussions:- Determine the rate of labour productivity growth, Assignment Help, Ask Question on Determine the rate of labour productivity growth, Get Answer, Expert's Help, Determine the rate of labour productivity growth Discussions

Write discussion on Determine the rate of labour productivity growth
Your posts are moderated
Related Questions

Do all developing economies have same underlying problems? Less developed countries are similar but exceptional. The impact of a problem will vary depending upon circumstances

QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) Distinguish between centrally planned, laissez-faire and mixed economic systems rega

What factors would you consider while deciding on the frequency along with which you would report progress to (1) senior IS management, and (2) customer management? A main fact

What is the function of Non-Government Organisations, within the promotion of development? Advocates argue NGOs (Non-Government Organisations): • Hold DCs accountable for e

Illustrate some example of the development process affected on culture. Examples of the development process affected on culture: • Foreign Direct investment (FDI) and IMF st

Explain Marris’ Growth Maximisation Model in detail. Explanation of the model Constraints Demerits

The word of Keynesian -styles A Keynesian come about the rules creators on purpose look for to motivate additional than one of the modules of aggregate demand to improvement numbe

QUESTION 1 (a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this i

What are the constraints facing governments in the promotion of development? The constraints facing governments into the promotion of development: The capability of a govern