What Happens When Capital-labor Ratio Increases? Increases in the capital-labor ratio increase consumption per worker in the steady state only up to a point. If the capital-labor ratio is too high, then consumption per worker may decline due to diminishing marginal returns to capital, and the need to divert much of output to maintaining the
Are BLS Statistics Accurate? Are BLS statistics accurate? Gold-standard data: BLS data are accurate, objective, relevant, timely, and accessible. See the Information Quality Guidelines for more information. How accurate are BLS projections? Overall, the BLS projections captured 25.6 percent—using an R2 measure—of the variation in occupations’ actual growth rates. Where do statistics from the BLS
What Factors Led To A Growing Workforce? What factors led to a growing workforce? Factories and equipment that are modern and well-maintained are more productive than physical labor. Higher productivity leads to increased output. Labor becomes more productive as the ratio of capital expenditures per worker increases. An improvement in labor productivity increases the growth
What Do Graphs Indicate About Bolivias Labor Force? What do graphs indicate about Bolivias labor force? Which statement most accurately describes Germany’s labor force? Most Germans work in services. What statement most accurately describes Germany’s labor force? Which statement most accurately describes Germany’s labor force? Most Germans work in services. Which sector uses labor most