The Bureau of Labor Statistics collects input and output data from various count
ID: 463109 • Letter: T
Question
The Bureau of Labor Statistics collects input and output data from various countries for comparison purposes. Labor hours are the standard measure of input. Calculate the output per hour from the following data. Which country is most productive?
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The Bureau of Labor Statistics collects input and output data from various countries for comparison purposes. Labor hours are the standard measure of input. Calculate the output per hour from the following data. Which country is most productive? Labor Hours Units of Output United States 89.5 136 Germany 83.6 100 Japan 72.7 102
LABOR HOURS UNITS OF OUTPUT United States 89.5 136 Germany 83.6 100 Japan 72.7 102Explanation / Answer
Use labor productivity measure for determining which country is more productive. The labor productivity is given by formula:
Labor productivity = units of output/Labor Hours
Labor hours
Units of output
Labor Productivity
United States
89.5
136
136/89.5 = 1.52 Unit/hour
Germany
83.6
100
100/83.6 = 1.20 Unit/hour
Japan
72.7
102
102/72.7 = 1.40 Unit/hour
Thus, most productive country is United States with labor productivity of 1.52 units per hour.
Labor hours
Units of output
Labor Productivity
United States
89.5
136
136/89.5 = 1.52 Unit/hour
Germany
83.6
100
100/83.6 = 1.20 Unit/hour
Japan
72.7
102
102/72.7 = 1.40 Unit/hour
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