Time remaining:
Using data from Table 14.1, find average labor productivity for each country in 1979 and in 2008.

Economics
Tutor: None Selected Time limit: 1 Day

Mar 29th, 2015

* you must find the GDP per capita person in order to do this problem, I found it for Germany and Japan. I would advise verifying that. (the real GDP per capita)

Average labor productivity is simply total output divided by total workers. 
In order to find average labor productivity from the above data would require dividing real GDP by the number of people employed.

Real GDP per person
                  1979     2008

Germany 13,993 20,081 
Japan 13,163 22,816

Lets find Germany's

(13,993/0.33) + (20,081/2) = 

42403+ 60651=103,254/2

=51627 ALP for germany

Now lets find it for Japan

(13,163/0.47) + (20,081/.51)= 

28006+ 39374 =67380

We were looking for the average so divide it in half

The average labor production of japan is 33,690


In final 

=51627 ALP for germany

The average labor production of japan is 33,690


Now you must check to make sure my GDP per CAPITA is correct, if not then my results will not be the same.

If you need more help please ask


Mar 29th, 2015

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