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I don't know how to solve this problem and need your help, thank you very much UK productivitv slowdown worst since Industrial Revolution. The slowdown

I don't know how to solve this problem and need your help, thank you very much

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UK productivitv slowdown worst since Industrial Revolution. The slowdown in Britain's productivity growth over the last decade is the worst since the start of the Industrial Revolution 250 years ago, a dismal track record that is holding back gains in living standards across the country. Research from academics at the University of Sussex and Loughborough University shows that the productivity growth slowdown since the 2008 financial crisis is nearly twice as bad as the previous worst decade for efficiency gains, 1971~1981, and is unprecedented in more than two centuries. Growth in productivity a measure of economic output per hour of work has failed to rise in Britain at anywhere near the rates recorded prior to the banking crisis, with severe consequences for living standards. Economists believe productivity growth is vital for lifting GDP and higher wages. Focusing on episodes in history when previous decades suffered from weak gains in economic efficiency, the academics said the current slowdown had left productivity almost 20% below the level it would have hit had Britain managed to maintain the growth recorded before the crisis. in December, the Royal Statistical Society made the average annual increase in productivity over the past decade a just 0.3%, a sharp contrast with the pre~crisis period, when growth averaged around 2% a year. Average pay after inflation remains below precrisis levels, partly due to productivity. Boris Johnson made raising the nation's productivity a central focus of his economic policy, promising to boost public spending on transport infrastructure and education, and the chancellor, Sajid Javid, has said he wants to raise productivity to help deliver annual UK GDP growth of as much as 2.8%. However, the Bank of England warned last week that Brexlt would strike a severe blow to the productive capacity of the UK economy, as higher trade barriers harm efciency gains. It said Britain could only grow at around 1.1% on average until 2023 without excess inflation about half the rate before the EU referendum. (Source: Adapted from Partington R, The Guardian, February 3rd 2020) Question A21 What does a \"productivity growth slowdown\" mean exactly? Question A22 Explain the relationship between productivity growth and higher wages as suggested by the article. Question A23 Using examples explain the difference between Interventionr'st and market oriented supply side policies. Question A24 With the use of Aggregate Demand and Supply diagram, expiain how \"public spending on transport infrastructure and education' can help to achieve the target of 2.8% growth. Question A25 Explain huw productivity gains can iinpruve the balance 0|" trade and how might post-Brexit tariffs prevent this

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