A) How is labour productivity measured in line with Measuring Productivity - OECD Manual?

B) For what reasons is labour productivity used for?

C) What are issues linked to labour productivity?

D) Why doesn't productivity show up in the price setting equation below?

P = (1 + )(1 + )S_LP^e

where:

Theta is the price mark up above nominal unit labour costs or expected labour share

Gamma is the mark-up above nominal wage

P^e stands for expected price level

SL is the "normal" share that wage negotiators accept as representing an appropriate division of income I normal times.