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December 17, 2014

Homework Help: Math

Posted by Susan on Monday, January 16, 2012 at 1:10pm.

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.

2008:
Employment = 1,000 workers
Unemployment = 100 workers

2009
Employment = 1,100 workers
Unemployment = 50 workers

b. What is the growth rate of average labor productivity between 2008 and 2009.
Note: I believe my answer should be 8.33%

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