|
||||||||||||
|
||||||||||||
| ||||||||||||
Hi Nona. In economics, the productivity is the amount of output per unit of
input. For example, a paper company's productivity could be measured
as the kilograms of paper it produces per 1000 kilograms of timber it Let's make up a context for your question. Say this is a fishing zone and the inputs are the number of ocean trawlers. The outputs are the amount of food they can produce. If the number of ocean trawlers is increased by 30%, then the catch is increased by just 15% in your question. (Productivity says nothing about the "why"; perhaps in this case it is a problem of over-competitiveness or depletion of the fish stock). The impact on the "productivity" measured as catch per ocean trawler would be C/T.
So the percentage change in productivity in your question would be -11.5%. Hope this helps, | ||||||||||||
|
||||||||||||
Math Central is supported by the University of Regina and The Pacific Institute for the Mathematical Sciences. |