Answer:
A larger industrial and service sector, and a larger number of people working outside of agriculture, can indicate a higher level of industrialization in the economy and vice versa. This means that the size of industrial service and the sector of agriculture employment rate indicates the level of industrialization because if the agriculture employment is higher than the industrial service it means that the country is not fully developed yet and therefore the level of industrialization is lower. But if the industrial service is higher than the agriculture employment that suggests or indicates that the country is developing or developed. For example in the United States the size of the industrial/service sector is much larger than it's agricultural employment and therefore this should suggest that country is much more industrialized or developed and the United States is. In comparison you take a developing country such as Chad and you can see that the agricultural employment is higher than the size of the industrial/service sector and in relation to this you can see that Chad must have a lower level of industrialization and in fact it does.
Explanation:
Answer:
A. 4; 3.83 units per hour
B. Increases by 4.44%.
Explanation:
Given that,
Current period:
Output = 160 units
Input = 40 hours
Previous period:
Output = 138 units
Input = 36 hours
A. Current period productivity:
= Current period output ÷ Current period input
= 160 units ÷ 40 hours
= 4 units per hour
Previous period productivity:
= Previous period output ÷ Previous period input
= 138 units ÷ 36 hours
= 3.83 units per hour
B. Percentage change in worker's productivity:
= [(change in productivity) ÷ Previous period productivity] × 100
= [(4 - 3.83) ÷ 3.83] × 100
= (0.17 ÷ 3.83) × 100
= 0.0444 × 100
= 4.44%
Therefore, the worker's productivity increases by 4.44%.
Answer:
Bond,treasury
Explanation:
A bond refers to the contract between borrower and lender stipulating that the borrower must pay periodic interests and principal on specified dates .
The interest is also known as coupon payment has fixed rate usually quoted in the bond agreement which could be paid annually or semi-annually to te lenders.
Treasury refers to the bond issued by the national government such as the U.S government and carries a lower rate of return as the risk attached too is low ,hence lower risk brings about lower return since the government is not likely to default in discharging its obligations
United States Department of Labor
