Measured by HOURLY PRODUCTIVITY i.e. how much GDP produced from every hour worked X NUMBER OF HOURS WORKED.
Number od hours worked is limited so in order to increase GDP per capita you must focus on increasing hourly productivity through increasing;
1. Capital Stock a worker has to interact with.
2. Education and skills of employee.
3. Level of technolog in the firm.
GDP = CAPITAL,LABOUR,TFP
Comments
No comments have yet been made