What do the facts say about growth in labor productivity

Assignment Help Econometrics
Reference no: EM13238293

From 1950 to 2000, manufacturing employment as a percentage of total employment in the U.S. economy fell from 28 percent to 13 percent. At the same time, manufacturing output experienced slightly more rapid growth than the overall economy.
What do these facts say about growth in labor productivity (defined as output per worker) in manufacturing? Should policymakers be concerned about the decline in the share of manufacturing employment? Explain.

Reference no: EM13238293

Questions Cloud

What nominal annual interest rate will you be charged : A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged
What factors managers evaluate when planning for production : Producing a product and/or service has to involve a lot of strategic planning for the producer. It is not logical for a producer to just pick how much they want to produce without analyzing several key figures.
How big will each firms accounting profit per unit be : A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, it's total cost would be $275.
What amount must charge to break even on the costs : You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can't get out of.
What do the facts say about growth in labor productivity : From 1950 to 2000, manufacturing employment as a percentage of total employment in the U.S. economy fell from 28 percent to 13 percent. At the same time, manufacturing output experienced slightly more rapid growth
Find the average net force exerted on the bullet : A 22.5 g bullet is fired from a rifle. It takes 2.60 10-3 s for the bullet to travel the length of the barrel, find the average net force exerted on the bullet
What mechanism could strong economic growth lead to politics : International data show a positive correlation between political stability and economic growth. Through what mechanism could political stability lead to strong economic growth and through what mechanism could strong economic growth lead to politic..
How would better health outcomes cause higher income : International data show a positive correlation between income per person and the health of the population. How might the relative importance of two hypotheses be relevant for public policy
What is the kinetic energy of the particle : A particle of charge +9.2 ?C is released from rest at the point x = 55 cm on an x axis, What is the kinetic energy of the particle at the instant it has moved 12 cm if Q = +61

Reviews

Write a Review

Econometrics Questions & Answers

  Compare the automotive manufacturing industry

Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's.

  What must have been the annual rate of economic growth

assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $28 billion respectively. If the economy moves from point a to point b over a 2-year period, what must have been its annual rat..

  How much was the growth rate of real gdp per capita

Suppose the real GDP of a country increased from 2,000 billion to 2,100 billion in one year. In the same year, population growth rate was 3%. How much was the growth rate of real GDP per capita in that year

  Explain the compounding scheme used by the bank

A local bank advertised the following information: interest 6.89% - effective annual yield 7.128% . no mention was made of the interest period on the advertisement. Can you figure out the compounding scheme used by the bank

  Which can be the profit maximizing pair of bundles

The monopolist of a good faces two groups of consumers. Each consumer in Group A has an inverse demand function given by P = 10 - Q. Each consumer in Group B has an inverse demand function given by P = 12 - Q. There are 100 consumers in each group..

  How and why the firms demand curve for labor will compare

Consider a firm with the same production function of $20 output price when 2 units of output are produced but operating under imperfect competition in the product market. Explain how and why the firms demand curve for labor will compare to that of..

  Why the actual ex-post real interest rate is different

Suppose that David has $1000. In the beginning of a year he decided to put his money in a saving account with 5% interest rate per year. The CPI was 150 in the beginning of that year. He expected that the CPI would be 153 in the beginning of the n..

  What is abc incs average monthly revenue

Abc Inc. sells bike tires for $25. It's sales have averaged 8,000 units per month. Recently its closes competitor Efg Inc. reduced their price for bike tires form $35 to $30. A result Abc's sales declined by 1.500 units per month.A. what is the ar..

  What was cost the year before installation of transducers

Ford Motor Company was able to reduce by 80% the cost required for installing data acquisition instrumentation on test vehicles by using MTS-developed spinning wheel force transducers. (a) If this year's cost (i.e., end of year 1) is expected to be..

  What is michelles opportunity cost of producing potatoes

Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200..

  What is profit maximizing quantity and price for media cable

Explain why a monopolist, such as Media Cable, faces a downward-sloping demand curve Explain why the marginal revenue from an additional sale is less than the price of the service Suppose Media Cable currently charges $70 for its service. If it lo..

  How much need to set aside at end of each of next five years

save the down payment required to purchase a vacation home at the end of five years.if the required down payment is $25,000 and you can earn 5% year on your saving account how much do you need to set aside at the end of each of the next five years

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd