Problem 1.
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
|
|