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NO. The labor productivity will rise together with total output. Vice versa
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What is the multifactor productivity ratio?
Multifactor productivity measures are indicators that take into account the utilization of multiple inputs (e.g., units of output per the sum of labor, capital, and energy or units of output per the sum of labor and materials).
What are the primary determinants of agricultural labor productivity?
The primary determinants of agricultural productivity would be farm size, age, the weather and labor costs. Output is also considered a determinate.
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
What are the major determinants of labor demand?
(1. Demand for output (2. Productivity of Labor a.Quality of labor b.Technological progress c.Non-labor outputs (3. Price of other resources(Substitutes and complements)
Why is demand for labor curve downward sloping?
I believe in economics we assume that firms are rational and because of this a rational firm would not employ additional labor if it caused a decline in the total output of the firm.
What is the multifactor productivity ratio?
Multifactor productivity measures are indicators that take into account the utilization of multiple inputs (e.g., units of output per the sum of labor, capital, and energy or units of output per the sum of labor and materials).
The change in output from hiring one additional unit of labor?
Marginal labour productivity.
What are the primary determinants of agricultural labor productivity?
The primary determinants of agricultural productivity would be farm size, age, the weather and labor costs. Output is also considered a determinate.
How did mechanization affect coal mining?
The result was higher capital equipment requirement per worker, vast improvements in labor productivity, and a decline in labor requirements.
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
What are the other ways of measuring labor productivity?
There are so many different ways of measuring labor productivity. This can be done in physical terms or through the analysis of the quality of labor produced.
What are the major determinants of labor demand?
(1. Demand for output (2. Productivity of Labor a.Quality of labor b.Technological progress c.Non-labor outputs (3. Price of other resources(Substitutes and complements)
What is Labor Productivity and how is it important to economic growth?
Labour productivity is defined by the OECD to be "the ratio of a volume measure of output to a volume measure of input" OECD Manual: "Measuring Productivity; Measurement of Aggregate and Industry-Level Productivity Growth. Labour productivity is important to economic growth because without it no one would be working.
How employers feel about productivity?
Increasing the output per unit of input - including labor - is the only path to profit and business success. Employers know that.
Why is demand for labor curve downward sloping?
I believe in economics we assume that firms are rational and because of this a rational firm would not employ additional labor if it caused a decline in the total output of the firm.
A nation can increase its production possibilities by?
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
How automation or labour can cause productivity figures to be misleading?
Automation can make productivity figures misleading by increasing output without an equivalent increase in labor input, leading to inflated productivity numbers. On the other hand, labor-intensive tasks may artificially reduce productivity figures if time-consuming processes are not accounted for in the calculations. Additionally, automation can result in job displacement and lower employment rates, which may affect overall economic indicators beyond just productivity.
