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Economic growth

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Question 7

Table 1: Labour Productivity and Real GDP Growth for Selected Economies

CountryAverage Annual Labour Productivity Growth (%)Average Annual Real GDP Growth Rate (%)
Greece-0.20.4
Italy0.30.8
United Kingdom1.21.5
France1.51.8
United States2.22.6
South Korea3.43.9
Ireland4.65.1
India5.86.5

Using Table 1, explain the relationship between labour productivity growth and the real GDP growth rate.

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Economic growth Questions

  1. A Level
  2. /Economics
  3. /Economic growth