answersLogoWhite

0


Best Answer

The formula is :

Potential Growth rate =

Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity.

So u need to have the annual decline in the work weeks to find the potential Growth

Regards,

Muntaha

User Avatar

Wiki User

โˆ™ 2011-01-23 12:41:39
This answer is:
User Avatar
Study guides

Algebra

20 cards

A polynomial of degree zero is a constant term

The grouping method of factoring can still be used when only some of the terms share a common factor A True B False

The sum or difference of p and q is the of the x-term in the trinomial

A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

โžก๏ธ
See all cards
3.74
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
1216 Reviews

Add your answer:

Earn +20 pts
Q: If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Define potential GDP under what circumstances does actual real GDP fall short of potential GDP equal potential GDPand exceed potential GDP?

Potential GDP is basically the sum of growth in productivity, growth in labor force, and growth in number of hours worked. In a mature economy like the US, change in number of hours worked is insignificant and often ignored. -Potential GDP is the level of real GDP that the economy would produce if it were at full employment. When real GDP falls short of potential GDP the economy is not at full employment. When the economy is at full employment real GDP equals potential GDP. Real GDP can exceed potential GDP only temporarily as it approaches and then recedes from a business cycle peak.


What is force measured in volts?

'Force' isn't measured in volts. Potential and potential difference are measured in volts.


What is the force measured in volts?

'Force' isn't measured in volts. Potential and potential difference are measured in volts.


How is erogonomics impact the productivity of the work force?

it helps you with technology work.


Is nuclear energy kinetic or pontential?

It is potential energy, since it is work done against a force - the nuclear force mainly.It is potential energy, since it is work done against a force - the nuclear force mainly.It is potential energy, since it is work done against a force - the nuclear force mainly.It is potential energy, since it is work done against a force - the nuclear force mainly.


What force causes Potential energy turn to kinetic energy?

There is no one force that converts potential energy into kinetic, as there is not just one kind of potential energy. If it's gravitational potential energy, gravity is the force involved. If it's spring potential energy, it's the spring force. There are many kinds of potential energy, and different forces involved.


What is the force behind weathering by crystal growth?

it is the force


What kind of force is gravitational force?

Gravitational force is a form of potential energy


What force is exerted when neither object is moving?

potential force


What force is associated with potential energy?

Usually the force of gravity


Why the unit of potential difference and electromotive force is the same?

Because an electromotive force is a potential difference (voltage) -specifically, an electromotive force is the open-circuit or no-load potential difference of a source such as a battery or generator.


What does electric potential measures?

Electric potential measures electromotive force

People also asked