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(Measuring Labor Productivity)
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1. The standard-definition for labour-productivity </span>is:</p> <p><span style="color: #333333; font-family: Open Sans, sans-serif; font-size: 14px; line-height: 20px;">Total Output / Total Productive Hours</span></p> <p><span style="color: #333333; font-family: Open Sans, sans-serif; font-size: 14px; line-height: 20px;">Depending on the desired result, variables can be XXXXXXXXX in monetary XXXXX or products.</span></p> <p><span style="color: #XXXXXX; font-family: XXXX XXXX, XXXX-XXXXX; XXXX-XXXX: XXXX; line-height: XXXX;">For XXXXXXX, you have a XXXXXX. You XXXX every bread with X,XX dollars. You have X XXXXX who is XXXXXX XXX pieces XX XXXXX per working XXXXX.</span></p> <p><span style="color: #333333; XXXX-family: Open XXXX, sans-XXXXX; font-size: 14px; line-height: XXXX;">Labour XXXXXXXXXXXX:</span></p> <p><span style="XXXXX: #333333; XXXX-family: XXXX Sans, sans-serif; XXXX-size: 14px; XXXX-height: XXXX;">XXX XXXXXX/XXXXXX =12.X XXXXXXX/h</span></p> <p><span style="XXXXX: #XXXXXX; XXXX-family: Open Sans, XXXX-XXXXX; font-XXXX: 14px; line-XXXXXX: XXXX;">100 pieces XX bread *X,XX/8hours =15.XXX$/h</span></p> <p><span style="color: #XXXXXX; XXXX-family: Open Sans, sans-serif; font-XXXX: XXXX; XXXX-XXXXXX: XXXX;">The above XXXXXXXXX XXX XX XXXXXXXX if XXX XXXXX has access to XXXX technology or XXXXX new skills XXX increasing speed-XXXX. XXXXXX, XXXXXXXXXX and experience can rise XXX XXXXXXXXXXXX.</span></p> <p><span style="XXXXX: #333333; XXXX-family: Open XXXX, XXXX-XXXXX; XXXX-XXXX: 14px; line-height: XXXX;">X. XXXXXXX in XXXXXXXXXXXX XXX affecting the standard XX living XX XXXXXXXXXX or XXXXXX GDP XXX welfare.</span></p> <p><span style="XXXXX: #333333; font-family: Open XXXX, sans-serif; XXXX-size: XXXX; XXXX-height: XXXX;">If XXX productivity rises then XXXX XXXXX XXX be XXXXXXXX XXXX XXX same XXXXXX or XXXX-XXXXXX. This brings XXXXXX profits or the XXXXXXXXXXXXX reduce XXXXXX, making XXX XXXXXXXX more-XXXXXXXXXXX on XXXXXX.</span></p> <p><span style="color: #333333; XXXX-family: XXXX XXXX, XXXX-XXXXX; font-size: XXXX; XXXX-XXXXXX: XXXX;">For example the same XXXXXX:</span></p> <p><span style="XXXXX: #333333; font-XXXXXX: XXXX XXXX, sans-XXXXX; XXXX-size: XXXX; XXXX-XXXXXX: XXXX;">XX XX XXXX our XXXXX to a baking course and he gains XX% XXXX XXXXXXXXXXXX XXXX XX XXXX:</span></p> <p><span style="color: #XXXXXX; font-family: Open Sans, XXXX-serif; font-XXXX: XXXX; XXXX-XXXXXX: XXXX;">XXX+10% breads/8hours =XX.XX XXXXXX/h</span></p> <p><span style="color: #333333; XXXX-XXXXXX: XXXX Sans, XXXX-XXXXX; XXXX-XXXX: 14px; line-XXXXXX: XXXX;">110 pieces XX bread</span><span style="XXXXX: #XXXXXX; font-family: Open Sans, XXXX-serif; font-XXXX: 14px; XXXX-height: XXXX;">*1,XX/8hours =17.XX$/h</span></p> <p><span style="color: #333333; XXXX-XXXXXX: Open Sans, XXXX-serif; XXXX-XXXX: 14px; line-height: XXXX;">XX XXXXXX X.55$/h in productivity. With XXXX extra XXXXX, XX XXXXX rise the wage XX XXX XXXXX. XX he XXX a greater XXXX he can spend XXXX on shopping. XXXX XXXXXXXX means a XXXXXX life XXXXXXXX.</span></p> <p></p> <p></p> <p></p>">
