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Business, 14.11.2019 03:31 ngmasuku3115
Between q1, 2016 and q2, 2018 measured output in the non- farm business sector increased by 3.6%. during this time period the unemployment rate fell from 4.6% to 3.7% and total hours worked in the nonfarm business sector increased by 3.8%. what was the % rate of change in labor productivity over this period (q1 2016 and q2 2018)? explain your answer briefly. (hint: labor productivity = y/labor hours; rgdp growth rate = labor productivity growth plus and labor force growth rate. no need to use u-rate changes for this question)
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Between q1, 2016 and q2, 2018 measured output in the non- farm business sector increased by 3.6%. du...
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