Estimating labour productivity, Microeconomics

Estimating Labour Productivity by Economic Sector for Target Year and its Change between Base and Target Year

Contribution of each sector to GDP is known. The contribution of a given sector to GDP in the target year is already estimated. The productivity of labour for each sector in the target year is estimated by dividing the GDP share of each sector by the number of workers in that sector.

Labour productivity might change from the base to the target year. This may be due to improvements in technology,management techniques and related factors. Such changes are accounted and labour productivity is estimated for the target year.

Posted Date: 12/17/2012 5:55:31 AM | Location : United States







Related Discussions:- Estimating labour productivity, Assignment Help, Ask Question on Estimating labour productivity, Get Answer, Expert's Help, Estimating labour productivity Discussions

Write discussion on Estimating labour productivity
Your posts are moderated
Related Questions
Gross Domestic Product and Growth Rates: The rate of growth of the secondary and tertiary sectors has been more than double that of the primary sector, with the secondary sect


explain normal profits

Individual Demand * The Individual Demand Curve  - Two significant Properties of Demand Curves - 1) The level of utility which can be attained changes while moving along

what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.

The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed

#question. what is the underlying reason for the law of increasing opportunity cost?

GROWTH OF EMPLOYMENT OPPORTUNITIES: Several disquieting features are observed in the Indian labour market over the past two decades particularly during the 1990s. These are di

1. The following data consists of a 3 (age) x 2 (sex) natural design in which the proportion of pretend play between parents and infants changes as a function of age.  The DV (Y) i