Labor productivity, Microeconomics

Assignment Help:

Labor Productivity 

- Labor Productivity and Standard of Living

- Consumption can increase if productivity increases.

- Determinants of Productivity

  • Stock of capital
  • Technological change

Trends in Productivity

 1) U.S. productivity is growing at the slower rate than the other countries.

 2) Productivity growth in the developed countries has been decreasing.

*  Explanations for Productivity Growth Slowdown

 1) Growth in stock of capital is primary determinant of growth in productivity.

 2) Rate of capital accumulation in U.S. was slower than other developed countries as the others were rebuilding after WWII.

 3) Depletion of the natural resources

 4) Environment regulations


Related Discussions:- Labor productivity

Neer vs reer, NEER Vs REER: In a situation where there are multiple tr...

NEER Vs REER: In a situation where there are multiple trade partners, the effect of cross-currency movements are judged by nominal effective exchange rate (NEER) and real effe

Classical model explanation for involuntary unemployment, What is the class...

What is the classical model's explanation for involuntary unemployment? According to the classical model, involuntary unemployment only increases when there is something impedi

Supply and demand model, The vast majority of corn and soybeans produced in...

The vast majority of corn and soybeans produced in the United States is grown in the Midwestern states including: Nebraska, Iowa, Illinois, Indiana, and Ohio. This region experienc

Representative consumer faces a wage income tax, suppose, as in the federal...

suppose, as in the federal income tax code for the united states, that the representative consumer faces a wage income tax with a standard deduction. That is the representative con

Rational producer, In the context of managerial economics how do you explai...

In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.

Consumer surplus, suppose ismail were to eat five pizzas per week.what is t...

suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?

What are the two main forms of economic distribution, What are the two main...

What are the two main forms of economic distribution? What is the difference between them?   The two major forms of economic distribution are exchange and transfer. Exchange in

Production theory, why does gap between the ATC curve and the AVC curve dec...

why does gap between the ATC curve and the AVC curve decreases as the level of output increases

Sources of finance to business enterprises, explanation of sources of finan...

explanation of sources of finance to business enterprises in Nigeria

Explain change in quantity demanded and a change in demand, Explain the dif...

Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve.  For instance, if th

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