The BLS reported the following data for the first quarter of 2016: In the nonfarm sector, output

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The BLS reported the following data for the first quarter of 2016: In the nonfarm sector, output increased 0.9 percent as aggregate hours increased by 1.5 percent; in the manufacturing sector, output increased 0.6 percent as aggregate hours decreased by 0.7 percent.

As aggregate hours and output changed, how did labor productivity in each sector change? In which sector was growth in labor productivity greater?

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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