Posted by Susan on Monday, January 16, 2012 at 12:20am.
In 2008 output for the country of OZ was 12,000 tons of potatoes and the total labor force 1,100 workers. In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers.
b. The growth rate of average labor productivity between 2008 and 2009.
Is the answer 13.932% increase?

Economics  Susan, Monday, January 16, 2012 at 12:25am
Also,
2008:
Employment = 1,000 workers
Unemployment = 100 workers
2009
Employment = 1,100 workers
Unemployment = 50 workers

Economics  Susan, Monday, January 16, 2012 at 12:30am
Upon recalculation I believe my answer should be 8.33% instead of 13.93%.
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