question 21 What is the labor productivity. Sr MSN.com Hotmail. Outlook. Chamber

Question

question 21 What is the labor productivity.

Sr MSN.com Hotmail. Outlook. Chamberlain University XWeek 5: MEL HomeworkX Do Homework - Pamela Harris X https://wwww.mathxl.com/Student/PlayerHomework.aspx?homeworkld Q Search Principles of Economics Pamela Harris 11/24/17 11:56 AM Homework: Week 5 Homework 35 pts Save Score: 0 of 1 pt 21 of 35 (24 complete) HW Score: 67.62%, 23.67 of 35 pts Checkpoint 3 Test A 1 Question Help * The table provides some data for an economy in 2010 and 2011 Item Aggregate hours (billions) Real GDP (billions of 2009 dollars 20102011 400.0 421.2 10,000 10,900 Calculate labor produtiity in 2010 and 2011 Answer to 2 decimal places. Labor productivity in 2010 is $L an hour. Enter your answer in the answer box and then click Check Answer Clear All Check Answer 1:56 PM Type here to search 11/24/20173

Explanation / Answer

Solution:

Labor productivity = Real GDP/ Aggregate hours

Year 2010: 10,000/ 400 = 25

Year 2011: 10,900/ 421.2 = 25.88

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.