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1 page/≈275 words
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APA
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Business & Marketing
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Coursework
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English (U.S.)
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Topic:

The Productivity Puzzle

Coursework Instructions:

Please read "The Productivity Puzzle"Preview the document publication about productivity. After you have read the publication, complete the attached worksheet by answering the corresponding questions.
Productivity Puzzle WorksheetPreview the document
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I have also provided a Word document below for you to use if the PDF is inaccessible to you.
Productivity Puzzle Worksheet Word Format.docxPreview the document

Coursework Sample Content Preview:

NamePeriod
Federal Reserve Bank of St. Louis Page One Economics ®:
“The Productivity Puzzle”
After reading the article, complete the following:
1 Define productivity:
Productivity is the ratio of output per worker per unit of time. It is an economic measure that reflects how many goods and services have been produced for each factor of production during a given period
2 The Page One Economics essay identifies three factors that contribute to productivity. Describe the key aspects of each by completing the table below.
Factor

Definition

How does it contribute to the productivity slowdown?

How could government play a role?

Physical capital

Physical capital (capital resources or capital goods) are goods that have been produced and are used to produce other goods and services.
This includes stock of capital goods such as machines, equipment, tools and infrastructure to produce goods and services.

Failing to increase the stock of physical capital and being stuck with too little capital.

Increasing the quality and quality of physical capital per worker
Investment in physical capital tends to increase technological progress at a more rapid rate.

Human capital

Human capital is the knowledge, skills, and experience acquired through education, experience, and training.
All jobs require some...
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