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taneel463Lv1
28 Sep 2019
6. U.S. Workers World's Most Productive
American workers stay longer in the office, at the factory, or onthe farm than their counterparts in Europe and most other richnations, and they produce more per person over the year...
Productivity...is found by dividing the country's gross domesticproduct by the number of people employed...
Only part of the U.S. productivity growth,...can be explained bythe longer hours Americans are putting in...[The U.S.] also beatsall 27 nations in the European Union, Japan, and Switzerland in theamounts of wealth created per hour of work...
The U.S. employee put in an average 1,804 hours of work in2006...compared with 1,407.1 hours for the Norwegian worker and1,564.4 for the French. It pales, however, in comparison with theannual hours worked per person in Asia, where seven economies -South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia andThailand - surpassed 2,200 average hours per worker. But thosecountries had lower productivity rates...CBS News, September 3,2007
a. What is the difference between productivity in this article andper capita real GDP?
b. Identify and correct a confusion between levels and growth ratesof productivity in the news article.
c. If workers in developing Asian economies work more hours thanAmericans, why are they not the world's most productive?
6. U.S. Workers World's Most Productive
American workers stay longer in the office, at the factory, or onthe farm than their counterparts in Europe and most other richnations, and they produce more per person over the year...
Productivity...is found by dividing the country's gross domesticproduct by the number of people employed...
Only part of the U.S. productivity growth,...can be explained bythe longer hours Americans are putting in...[The U.S.] also beatsall 27 nations in the European Union, Japan, and Switzerland in theamounts of wealth created per hour of work...
The U.S. employee put in an average 1,804 hours of work in2006...compared with 1,407.1 hours for the Norwegian worker and1,564.4 for the French. It pales, however, in comparison with theannual hours worked per person in Asia, where seven economies -South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia andThailand - surpassed 2,200 average hours per worker. But thosecountries had lower productivity rates...CBS News, September 3,2007
a. What is the difference between productivity in this article andper capita real GDP?
b. Identify and correct a confusion between levels and growth ratesof productivity in the news article.
c. If workers in developing Asian economies work more hours thanAmericans, why are they not the world's most productive?
American workers stay longer in the office, at the factory, or onthe farm than their counterparts in Europe and most other richnations, and they produce more per person over the year...
Productivity...is found by dividing the country's gross domesticproduct by the number of people employed...
Only part of the U.S. productivity growth,...can be explained bythe longer hours Americans are putting in...[The U.S.] also beatsall 27 nations in the European Union, Japan, and Switzerland in theamounts of wealth created per hour of work...
The U.S. employee put in an average 1,804 hours of work in2006...compared with 1,407.1 hours for the Norwegian worker and1,564.4 for the French. It pales, however, in comparison with theannual hours worked per person in Asia, where seven economies -South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia andThailand - surpassed 2,200 average hours per worker. But thosecountries had lower productivity rates...CBS News, September 3,2007
a. What is the difference between productivity in this article andper capita real GDP?
b. Identify and correct a confusion between levels and growth ratesof productivity in the news article.
c. If workers in developing Asian economies work more hours thanAmericans, why are they not the world's most productive?
Mahe AlamLv10
28 Sep 2019
