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Annual % change in Prod. and unit labor cost

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gmattesttaker2 Legendary Member Default Avatar
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Annual % change in Prod. and unit labor cost

Post Sun Apr 27, 2014 8:08 pm
Hello,

Can you please assist with this:


The attached graph shows the annual percent change in productivity and unit labor cost as measured by the Bureau of Labor Statistics across five years. Using the graph, please answer the questions that follow.


On average businesses were productive in 2008 than they were in 2007?
Answer choices: more, less, as

On average, unit labor costs were in 2010 than they were in 2005.
Answer choices: higher, lower

Productivity increased for of the years graphed.
Answer choices: 3,4,5


Thanks a lot,
Sri
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Post Mon Apr 28, 2014 1:20 pm
1. Productivity is the blue bar, and we see a 1 percent increase in 2008. more

2. Unit labor costs went up by >2% per year for three years, then decreased by <2% for two years. The decrease will not outweigh the increase. higher

3. All five years show positive growth for productivity. 5

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