29 Dec Your final product
ECO202 – Microeconomics
Unit 1 Assignment: Productivity
Due: Sunday by 11:59 pm at the end of Unit 1.
Productivity
Productivity in the United States has changed drastically in the last thirty years. There is a debate among economists as to the causes of the changes in productivity as well as the relationship with other economic variables.
Key questions:
How is productivity measured?
What has been the annual average productivity in the U.S. for the last 30 years? What are the issues associated with changes in productivity?
How can the government affect productivity?
The Bureau of Labor Statistics collects the data and calculates various measures of productivity. You can find more information at: http://www.bls.gov/bls/productivity.htm
Additional data can be found at: http://www.bls.gov/lpc/faqs.htm
The following two articles from the Federal Reserve discuss productivity changes occurring today.
“Is the United States Losing its Productivity Advantage?” http://www.newyorkfed.org/research/current_issues/ci13-8.pdf
“The Sources of the Second Surge of U.S. Productivity and Implications for the Future,” http://www.federalreserve.gov/newsevents/speech/bernanke20060831a.htm
Your final product will be a paper that:
• Addresses each of the questions in total.
• Is APA fortatted.
• The body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three (3) resources from this week’s materials.
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