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Unformatted text preview: (5) = = Productivity output per hour total outputtotal hours worked (6) = average hours total hourstotal employment (7) Employmentpopulation ratio (a) The percentage of the population (b) = EPR total employmentpopulation (8) = total output population Xtotal outputtotal hoursXtotal hourstotal employmentXtotal employmentpopulation (9) = total output population X productivity X Average hours X EPR (10) Growth equation (a) And equation showing the percentage growth rae of output as the sum of the growth rates of productivity average hours, the employmentpopulation ratio, and population. (11) Page 200 ECON202 BOOK NOTES Chapter 8 (12)...
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 Spring '09
 BruceMcGough

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