Article Summary According to the Office for National Statistics in the United Ki

Question

Article Summary According to the Office for National Statistics in the United Kingdom, productivity in the UK in 2014 was well below the average of the G7 countries, only faring better than Japan. The G7 is a group of the seven most industrialized countries, and includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Compared to the G7 average. the UK was 20% less productive per hour worked, and output was also 20% worse when measured on a per worker basis. The productivity gap was the largest for the UK since estimates began in 1991, worker productivity was lower in all ofthe G7 nations in 2014 than it would have been had trends prior to the 2007-2009 recession continued with the productivity gap of 18 percent in the UK significantly higher than the 7% gap for the other G7 nations in terms of output per hour worked, the UK was behind Germany. France, and the United States by 32 to 33 percentage points, Source: "UK's poor productivity figures show challenge for government," Guardian, September 18, 2016. Refer to the Article Summary Labor productivity in the UK was well below the productivity in tive of the other G?nations only faring better than Japan. Labor productivity is important tor an economy because an increase in labor O allows the average consumer to increase cornsumption. will increase the lahor force participation rate will create short-run, but not long-run, economic growth

Explanation / Answer

The productivity always play a major role in the development of the country and it gets to trigger long term economic growth and with this the labor force participation rate increases and unemployment levels decrease on the whole.

Therefore (c) will increase labor force participation rate. if the answer

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