Why is productivity important for growth? What happens if productivity falls?
Question:
Why is productivity important for growth? What happens if productivity falls?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Productivity is a critical factor in economic growth and development Here are several reasons why productivity is important for growth Increased Output Productivity measures how efficiently resources ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
Why is productivity important to the firm, to workers, and to society?
-
Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The companys EBIT was $120 million last year and is not expected to grow. PizzaPalace is in...
-
What happens when bad aggregate demand shocks hit the economy? Consider the following graph. a. Before we get to the bad aggregate demand shock, lets find out what the Solow growth rate is in this...
-
The September 30, 2018, adjusted trial balance of Buzzy?s, Inc., is shown next. Requirements 1. Prepare the September closing entries for Buzzy?s, Inc. 2. Calculate the ending balance in Retained...
-
How do high-context cultures differ from low-context ones?
-
On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 5,000 shares of $5 par common stock with a current market price of $32. Journalize the entry to...
-
Find a video on deposition preparation that is available online. As a paralegal, how can you assist in preparing a client for deposition?
-
Discuss how a nations market size might impact international trade and, in turn, international logistics.
-
You are a full-time student at PSU working part-time at the Best Buy Store located at Cascade Station. The manager of your store wants you to identify potential customers on campus and sell Dell...
-
Given this, answer the following questions: 1. Draw a diagram of the process using the format in Exhibit 7.3. 2. Consider a base case where a customer arrives every 40 seconds and the Customer...
-
Why have developed countries not experienced mass starvation as their populations grew? Explain.
-
What is the relationship of increasing production and population growth? Why would this be a problem?
-
The shaft S exerts three force components on the die D. Find the magnitude and direction of the resultant force. Force F2 acts within the octant shown. Given: F1 = 400 N F2 = 300 N F3 = 200 N...
-
Describe the different types of events and compare them.
-
How do actors and objects fit in a sequence diagram?
-
Use the intuitive argument sketched in this section to obtain the general formula for the joint pdf of two order statistics given in the last proposition.
-
Explain the lifetime of an object. Provide an example.
-
The table shows experimental values of the variables x and y. The variables are known to be related by the equation y = kx n where k and n are constants. a. Draw the graph of lg y against lg x. b....
-
Identify the following assets a through h as reported on the balance sheet as intangible assets (IA), natural resources (NR), or other (O). a. Oil well b. Trademark c. Leasehold d. Gold mine e....
-
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
-
What information about its pension plan must a publicly traded company disclose in its interim financial statements?
-
AMR Corporation (parent company of American Airlines) reported the following for 2007 (in millions). Service cost.................................................$370 Interest on...
-
For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits...
-
Legal Risk Management Plan This task requires you to develop strategies to manage legal areas and practices to maintain knowledge. STEPS TO TAKE Access and review the following: Compliance research...
-
What ethical concerns does the idea of authentic leadership raise? Identify one value or principle from the NASW code of ethics (2021) that support authentic leadership and one that should be...
-
Arnold Vimka is a venture capitalist facing two alternative investment opportunities. He intends to invest $1,000,000 in a start-up firm. He is nervous, however, about future economic volatility. He...
Study smarter with the SolutionInn App