Productivity growth in quantitative importance
To what extent has enhanced in Canada’s real GDP been the result of more labour inputs? Of developing labour productivity? Describe the factors which contribute to productivity growth in order of their quantitative importance.
Expert
Productivity rising factors in descending order:
(a) Technological advance—the finding of new knowledge which results in the combining of resources in more productive ways.
(b) The quantity of capital.
(c) Education & training. Since the year of 1940 the proportion of those in the labour force with a high school education has doubled from 40 to 80 %. And those along with a college or university education contain more than doubled from under 10 % to over 20 %.
(d) Economies of scale and
(e) Developed resource allotment. Employees have been going out of lower productivity jobs to higher productivity jobs. Part of this is related with the enhanced efficiency frequently derived from production in larger plants, wherein specialization of labour and productivity-increasing methods is possible.
Normal 0 false false
Disadvantages of the Finger print technique: Health concerns while touching the sensor which is being touched by many number of individuals. Sometimes due to age and occupation may cause some diff
Appropriations Limit, State (SAL): The constitutional limit on the expansion of some appropriations from tax proceeds usually set to the level of the previous year's appropriation limit as adjusted for modifications in cost of living
Section 8.50: The Control Section of Budget Act gives the authority to raise federal funds expenses authority.
Define the term Unencumbered Balance: It is the balance of an appropriation not so far committed for particular purposes.
Describe risks related with using a large amount of short-term financing for working capital? By using a large amount of short-term financing usually allows funds to be raised at a lower cost however raise the firm's risk.
18,76,764
1936485 Asked
3,689
Active Tutors
1428911
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!