There are two key measures of productivity growth, which are closely related. The first is labor productivity, or the simple computation of real output per hour of work. The second is total factor productivity (TFP), which also takes into account changes in capital intensity and capacity utilization.
Source link : https://www.imf.org/en/Publications/fandd/issues/2024/09/america-must-rediscover-its-dynamism-michael-peters
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Publish date : 2024-09-03 05:11:00
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