If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2018,and the Bureau of Labor Statistics adjusts the number of hours worked upward for the first quarter of 2018,what will the Bureau of Labor Statistics do in terms of revising the figures on the growth rate of labor productivity for the first quarter of 2018?
A)The BLS will adjust the growth rate downwards.
B)The BLS will adjust the growth rate upwards.
C)The BLS will not change the growth rate of productivity.
D)The BLS will adjust the level of labor productivity upward and the growth rate downward.

Question

Quizplus · Accepted Answer

Labor productivity growth is calculated as the growth rate of output (GDP) per hour worked. If GDP growth is revised downward and hours worked are revised upward, the output per hour (productivity) would be lower than previously calculated, leading to a downward revision of labor productivity growth.

If the Commerce Department Adjusts the Growth Rate of GDP