2. The determinants of productivity Consider a simple economy whose only industr

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2. The determinants of productivity Consider a simple economy whose only industry is printing. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of documents one worker prints per hour In the following table, match each example to the productivity determinant it represents. Natural Human Cap Resources per Physical Capital Technological Examples The trees that are used to create pulp for the production of paper A way of organizing workers among the printing presses that speeds up the printing process The presses used to print documents The knowledge workers receive from training sessions on how to use and repair the printing presses per Worker Worker per Worker Knowledge Grade It Now Save & Continue Continue without saving

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Productivity measures the efficiency in production and it is expressed as ratio of output to input. Hence productivity is the efficiency in using the resources such as labor,capital,information,technology in producing the goods and services.

The productivity determinants in each case are

Examples Productivity Determinant Trees used in production Natural Resources per worker Organizing workers Human Capital per worker The Presses used to print documents Physical Capital per worker The knowledge workers receive from training Technological Knowledge

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