Article Summary
According to the Office for National Statistics in the United Kingdom, productivity in the UK in 2012 was well below the average of the G7 countries, only faring better than Japan. The G7 is a group of the seven most industrialized countries, and includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Compared to the G7 average, the UK was 16% less productive per hour worked, and output was 19% worse when measured on a per worker basis. The productivity gap was the largest for the UK since 1994. Worker productivity has increased in all of the G7 nations except for the UK since 2007, where it has fallen by two percentage points. The most productive workers were in the United States, where workers were 29 percentage points more productive per hour worked than in the UK.
Source: "UK workers much less productive than others in the G7," Guardian, September 18, 2013.

-Refer to the Article Summary.Unlike in the UK,labor productivity in the other G7 nations has increased since 2007.An increase in labor productivity

Question

Article Summary
According to the Office for National Statistics in the United Kingdom, productivity in the UK in 2012 was well below the average of the G7 countries, only faring better than Japan. The G7 is a group of the seven most industrialized countries, and includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Compared to the G7 average, the UK was  16% less productive per hour worked, and output was 19% worse when measured on a per worker basis. The productivity gap was the largest for the UK since 1994. Worker productivity has increased in all of the G7 nations except for the UK since 2007, where it has fallen by two percentage points. The most productive workers were in the United States, where workers were 29 percentage points more productive per hour worked than in the UK.
Source: "UK workers much less productive than others in the G7," Guardian, September 18, 2013.

-Refer to the Article Summary.Unlike in the UK,labor productivity in the other G7 nations has increased since 2007.An increase in labor productivity

Quizplus · Accepted Answer

An increase in labor productivity allows for more output to be produced per hour worked, which can result in lower costs for businesses and higher profits. This can lead to an increase in wages and potentially an increase in consumer consumption. While short-run economic growth may be possible, sustained long-run economic growth requires increases in productivity. However, an increase in productivity does not necessarily lead to a decrease in wages, as higher productivity can result in higher profits and potentially higher wages for workers.

Article Summary According to the Office for National Statistics in the United