Additional items for Problem 19:

1. Calculate and state the percent increase or decrease in productivity from last year to this year for each and every individual partial productivity measure. 2. Calculate and state the percent increase or decrease from last year to this year with respect to the total productivity (also referred to as multifactor productivity).

19. Various financial data for the past two years follow. Calculate the total productivity measure and the partial measures for labor, capital, and raw materials for this company for both years. What do these measures tell you about this company? LAST YEAR THIS YEAR Output: Sales $200,000 $220,000 Input: Labor 30,000 40,000 Raw materials 35,000 45,000 Energy 5,000 6,000 Capital 50,000 50,000 Other 2.000 3,000