Estimating labour productivity, Microeconomics

Assignment Help:

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.


Related Discussions:- Estimating labour productivity

Define direct marketing, Direct Marketing This is a marketing tool des...

Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.

PROPERTIES OF INDIFFERENCE CURVES, #question.PROPERTIES OF INDIFFERENCE CUR...

#question.PROPERTIES OF INDIFFERENCE CURVES WITH TABLE AND DIAGRAM.

305, price effect

price effect

Opportunity cost, discus how opportunity cost influence supplier''s decisio...

discus how opportunity cost influence supplier''s decision to supply labour

What is the role of profits in a market economy, What is the role of profit...

What is the role of profits in a market economy? Profits act as an incentive to producers and potential entrepreneurs, and also as a signal to both that resources may be re-al

Shortage, Shor tage A condition under that the quantity demanded fo...

Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price

Assuming the price elasticity, Assume the United States exports 1000 comput...

Assume the United States exports 1000 computers at a price of $3000 each and imports 15 UK autos at a price of 10000 pounds each. Assume that the dollar/pound exchange rate is $2 p

Write Your Message!

Captcha
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