ECON 2010 Study Guide - Marginal Product, Real Wages, Warehouse
Document Summary
Of the factors contributing to productivity growth in the industrialized countries, two of the most important were (1) (2) the dramatic technological progress that occurred during the 20th century large increases in capital, which provided workers with more and better tools with which to work. ** each person in those households who is 16 years or older is placed in one of 3 categories: employed a person is employed if he or she worked full time or part time during the past week is is on vacation or sick leave from a regular job, unemployed a person is unemployed if he or she did not work during the preceding week but made some effort to find work in the past four weeks, out of the labor force if he or she did not work in the past week and did not look for work in the past four weeks; people who are neither employed not unemployed.
