Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker-hours are 120 and 130 and units of output are 216 and 260, respectively. Using year 2 as the base year, calculate (a) the productivity index for all three years and (b) the rates of productivity growth.
Suppose That In An Economy 100 Worker Hours Produce 160 Units Of Output In Year
