question archive Given the following information, calculate the labor productivity growth rate from period 1 to period 2: Units produced in period 1 = 1,800 units, using 200 labor hours Units produced in period 2 = 1,840 units, using 220 labor hours   a

Given the following information, calculate the labor productivity growth rate from period 1 to period 2: Units produced in period 1 = 1,800 units, using 200 labor hours Units produced in period 2 = 1,840 units, using 220 labor hours   a

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Given the following information, calculate the labor productivity growth rate from period 1 to period 2:
Units produced in period 1 = 1,800 units, using 200 labor hours
Units produced in period 2 = 1,840 units, using 220 labor hours

  a. 20.0%  
  b. - 12.26%  
  c. - 7.07%  
  d. 8.36%

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Answer:

Labor Productivity = Output /Labor hours

Period 1:

Labor productivity = 1800/200 = 9

Period 2:

Labor productivity = 1840/220 = 8.3636

Change in productivity = (8.3636-9)/9 = -7.07%

c. - 7.07%

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