In a particular country in 2008, the average worker had to work 40 hours to produce...
In a particular country in 2008, the average worker had to work 40 hours to produce 100 units of output. In that same country in 2018, the average worker needed to work 35 hours to produce 94.5 units of output. In that country, the productivity of the average worker
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Homework Answers
Solution: increased by 8 percent between 2008 and 2018
Explanation:
|
Hours |
Units of output |
Per unit output |
|
|
2008 |
40 |
100 |
100/ 40 = 2.5 |
|
2018 |
35 |
94.5 |
94.5/35 = 2.7 |
Increase in output = (2.7 - 2.5) / 2.5 * 100 = 8%
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