The productivity of the average worker is increased by 6.25 percent between 1998 and 2008.
Productivity refers to the measure of the efficiency of the employee of the company to produce the goods and services in the organization. It can be expressed in terms of the amount and numbers.
The productivity of the worker can be calculated as follows:-
P= output / no. of hours
Where:
P= productivity
In 1998, The productivity of the worker is as follows:-
P = 40/25
= 1.6
In 2008, The productivity of the worker is as follows:-
P = 68/40
= 1.7
Thus the increase and decrease in the productivity of the worker can be calculated as follows:-
Percentage of increase=P2008-P 1998}{P 1998}x100
= 6.25 percent
The productivity of the average worker increased by 6.25 percent between 1998 and 2008.
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