Question: The table below shows data over several years for a country s real GDP , the number of full - time employed workers ( E
The table below shows data over several years for a countrys real GDP the number of fulltime employed workers E and the annual average number of hours worked per worker HFor each of the four years, compute real GDP per workera standard measure of labour productivity.
For each year, compute a slightly more complex measure of labour productivityreal GDP per hour worked.
For the Explain why the two measures of productivity grow at different rates over the year period.
Explain which measure is likely to be a more accurate indication of productivity, and why.year period, compute the total percentage change for real GDP and both measures of productivity.
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