Web Links

Marginal URLs:

• p. 216: Go to http://pwt.econ.upenn.edu/php_site/pwt_index.php to get the latest figures and estimates on economic growth throughout the world.
• p. 221: Go to http://www.bls.gov/mfp/ for information about the latest trends in U.S. labor productivity.
• p. 231: Go to http://www.worldbank.org/poverty/ to visit the home page of the World Bank's Thematic Group on Poverty and to contemplate whether there may be a relationship between inequality and a nation's growth and to visit the home page of the World Bank's Thematic Group on Inequality, Poverty, and Socioeconomic Performance.
• p. 232: Go to http://www.wto.org/english/thewto_e/whatis_e/10ben_e/10b07_e.htm to link to a World Trade Organization explanation of how free trade promotes greater economic growth and higher employment.

• For a discussion of recent shifts in global population growth, go to http://ncpa.org/pi/internat/pd052799e.html.
• To learn about why population growth in much of Eastern Europe has been negative in recent years, go to http://www.iht.com/articles/2007/08/30/business/labor.php.

Multifactor Productivity and Its Growth

Growth in productivity is a key factor determining a nation's overall economic growth.

Title: Bureau of Labor Statistics: Multifactor Productivity Trends

Navigation: Use the link at http://www.bls.gov/mfp/ to visit the multifactor productivity home page of the Bureau of Labor Statistics.

Application: Read the summary and answer the following questions.

1. What does multifactor productivity measure? Based on your reading of this chapter, how does multifactor productivity relate to the determination of economic growth?

2. Click on Multifactor Productivity Trends in Manufacturing, and then click on Manufacturing Industries: Multifactor Productivity Trends. According to these data, which industries have exhibited the greatest productivity growth in recent years?