Question
In: Economics
It is no secret that U.S. labor productivity accelerated in the second half of the 1990s....
It is no secret that U.S. labor productivity accelerated in the
second half of the 1990s. The bulk of the spurt can be traced to
the boom in investment information technology capital and to the
growth in the information technology-producing part of the economy.
Measurement issues abound and having better data would help resolve
them. Whether or not the change in productivity is cyclical or
structural is too soon to tell. Do you think that US economy will
experience higher labor productivity soon?
Briefly discuss.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
It is no secret that U.S. labor productivity accelerated in the second half of the 1990s....
It is no secret that U.S. labor productivity accelerated in the
second half of the 1990s. The bulk of the spurt can be traced to
the boom in investment information technology capital and to the
growth in the information technology-producing part of the economy.
Measurement issues abound and having better data would help resolve
them. Whether or not the change in productivity is cyclical or
structural is too soon to tell. Do you think that US economy will
experience higher...
U.S. productivity growth accelerated in the second half of the 1990s. How do you account for...
U.S. productivity growth accelerated in the second
half of the 1990s. How do you account for this speedup? Why is it
still impossible to know if this speedup is the start of a
long-term trend or simply a transitory change?
Suppose there is an outbreak of a virus in the U.S. that causes labor productivity to...
Suppose there is an outbreak of a virus in the U.S. that causes
labor productivity to greatly decrease. Further assume that, at the
same time, the real interest rate in Canada is expected tp decrease
sharply in the near future. Everything else held constant, the
cumulative effect of these changes will cause the real interest
rate in the U.S. to ____
a. either increase, decrease, or remain the same
b. increase
c. remain constant
d. decrease
2. the standard for...
According to the U.S. Department of Labor, nonfarm labor productivity rose at an annualized rate of...
According to the U.S. Department of Labor, nonfarm labor
productivity rose at an annualized rate of 0.9 percent in the
second quarter of 2017 as hours worked and output per worker both
rose at their fastest pace in 18 months. Compared to the same
quarter in 2016, productivity increased at a rate of 1.2 percent,
its best performance in two years., while unit labor costs fell at
a rate of 0.2 percent. From 2007 to 2016, labor productivity
increased at...
In a problem you're computing labor productivity (also known as worker productivity) for Germany. in U.S....
In a problem you're computing labor productivity (also known as
worker productivity) for Germany. in U.S. dollars. They are very
prosperous, like the U.S. The number you come up with is $900,000.
Is this a reasonable value?
How is labor productivity measured? What is the trend in labor productivity? How is labor productivity...
How is labor productivity measured? What is the trend
in labor productivity?
How is labor productivity related to economic
growth?
What helps and what hurts labor
productivity?
Can labor productivity keep growing forever?
Discuss the current U.S. labor situation as it relates to capital cost, productivity, and outsourcing and...
Discuss the current U.S. labor situation as it relates to
capital cost, productivity, and outsourcing and the new tariff
imposed on imported steel. Relate your discussion to productivity,
cost of labor, technology. Reference to the relative cost of labor
compared to capital must be explicitly explained.
Complete the table by calculating marginal productivity (MP) of labor and average productivity (AP) of labor....
Complete the table by calculating marginal productivity (MP) of
labor and average productivity (AP) of labor. Then plot the total
product, MP, and AP and explain the relationship between MP and AP.
Why does MP first rise and then decline?
Inputs of Labor
Total Production
Marginal Productivity
Average Productivity
0
0
1
15
2
34
3
51
4
65
5
74
6
80
7
83
8
82
“During the second half of 2014, the U.S. dollar made significant gains against all other major...
“During the second half of 2014, the U.S. dollar made
significant gains against all other major global currencies, such
as the British pound, Swiss franc, Euro and Japanese yen.” (CNN
Business, Jan 5th, 2015) You are working as a foreign exchange
trader and your manager has raised the following questions for you
to answer
What could the European Central Bank (ECB) have done
that might have stopped the fall in the Euro?
While labor productivity refers specifically to the ratio of output per labor unit, multifactor productivity involves...
While labor productivity refers specifically to the ratio of
output per labor unit, multifactor productivity involves more of a
big picture perspective. This type of productivity measures
economic performance by comparing total production to total inputs
that were used in production.
Go to the U.S. Department of Labor, Bureau of Labor Statistics,
and review the section on Multifactor Productivity.
Please provide the following information:
Explain what is meant by "MFP is also developed for 2- and
3-digit Standard Industrial Classification...
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