Suppose that the share of population employed in Country B is 60 percent, and that Countries B and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed? Country Population (millions) Average Labor Productivity ($) A B C D E Select one: a. 24 percent O b. 12 percent O c. 8.3 percent O d. 83.3 percent 100 150 75 250 95 2,000 10,000 25,000 50,000 60,000
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- Say that the average worker in Canada has a productivity level of 30 per hour while the average worker in the United Kingdom has a productivity level of 25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1 per year while worker productivity in the UK grows 3 per year. After five years, whiz) will have the higher productivity level, and by how much?6 Suppose that average labor productivity in Country B is $25,000, and that Countries B and E have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country E? Country A B с D E Population (millions) 100 $3,500 $6,750 $250 $34,375 150 75 250 95 Share of Population Employed (1) 60 55 50 45 40 0What were the sources of labor productivity growth in the U.S. economy during the sixty years since 1960? How did the 1960s differ from the more recent decades? During the sixty years since 1960, the sources of labor productivity growth include O A. plastics, the laser, and the computer during the 1960s, and the Internet during later years O B. the focus on saving energy during the 1970s O C. the wide-spread introduction of the Internet during the 1970s O D. the global financial turmoil of 2008-2009 that made labor more productive Comparing the 1960s to the more recent decades, labor productivity growth than in subsequent decades. O A. in the 1960s was approximately 25 percent higher O B. in the 1960s was smaller C. due to technological change was smaller in the 1960s O D. due to physical capital and human capital growth was greater in the 1960s Click to select your answer. MacBook A
- Define the term labor productivity?Suds and Duds Laundry washed and pressed the following number of dress shirts per week: Week 1 2 3 4 5 Work Crew Sud and Dud Sud and Jud Sud, Dud, and Jud Sud, Dud, and Jud Dud and Jud a. For the given information, the labor productivity per hour for each week is (enter your responses rounded to two decimal places): Week 1 2 3 4 5 Total Hours 23 44 62 57 44 D ☐☐☐☐☐ Shirts 69 138 158 123 133 Productivity Per HourChose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
- In turaa Itd. the total no. of units produced are 234k and the labour input was 20% of output and materials input was 85% of labour input , calculate single factor productivity of each ?Marginal Produt and Resources How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made labor unions such an integral part of the workforce? What is the difference between the rates of return for a renewable and nonrenewable resource? How do the rates of return on capital and land differ between a renewable resource and nonrenewable resource? How does the growing demand for food, fuel, and export affect the market for land?9, 4. Voluntary migration is when people CHOUSE tU mOVC 10I UCtler work and lifestyle opportunities. Involuntary migration is when people are forced to move because of natural disasters such as floods and earthquakes. 11 12 10 Classroom activity 4 6. 8 7 1. Explain why South African population growth rates are declining, but the population size is still increasing every yea 2. Differentiate between commuting and migration. (3) (4) 3. How easy is it to move or migrate in today's world? (2)
- Write out the equation for output growth with capital, labor and total factor productivityas determinants of growth. Suppose that the shares of capital and labor are respectively0 .3 and 0.7. If labor supply grows by 10% what would be the growth rate of outputassuming that there is no change in the other determinants? What would happen to percapita output if labor supply growth is entirely due to population growth?28. Older workers are: A. Much more likely to migrate than younger workers because older workers have lower moving costsB. Much less likely to migrate than younger workers because older workers are more likely to have children at homeC. Much more likely to migrate than younger workers because older workers have lower implicit costs of migratingD. Much more likely to migrate than younger workers because younger workers have stronger roots and ties to the local community11. Complete the below table. Labor Units TP 0 1 5 10 25 50 80 100 118 135 151 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 166 180 193 205 216 226 235 243 250 256 261 265 268 270 271 MP AP TC 0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 9000 9500 10000 10500 11000 11500 12000 12500 MC AC D