Question

Place the countries in the table from highest to lowest in terms of labor productivity. The values for GDP are given in millions of U.S. dollars and the workers employed in millions of workers Country Italy Austria Norway Denmark Real GDP|Employed workers $1,950,049 Highest $354,234 $306,411 $227,934 Czech Republic$274,683 24.74 4.13 2.65 2.77 5.07 Lowest Answer Bank Austria Norway Denmark Italy Czech Republic

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Answer #1

The formula being used is, Labor productivity = Real GDP/Employed Workers

Country

Real GDP

Employed Workers

Labor productivity

Norway

306411

2.65

115627

Austria

354234

4.13

85771

Denmark

227934

2.77

82287

Italy

1950049

24.74

78822

Czech Republic

274683

5.07

54178

So, the highest to lowest is

Country
Norway
Austria
Denmark
Italy
Czech Republic
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