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3. Bureau of Labor Statistics: Multifactor Productivity Trends Navigation: Use the link at Multifactor to visit the multifactor productivity home page of the Bureau of

3. Bureau of Labor Statistics: Multifactor Productivity Trends

Navigation: Use the link atMultifactorto visit the multifactor productivity home page of the Bureau of Labor Statistics.

Read the summary and answer the following questions.

a. What does multifactor productivity measure? Based on your reading of this chapter, how does multifactor productivity relate to the determination of economic growth?

b. Click on Multifactor Productivity Trends in Manufacturing. According to these data, which industries have exhibited the greatest productivity growth in recent years?

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