Economics class: Europe faces ‘competitiveness crisis’ as US widens productivity gap
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Specification:
Efficiency and productivity
Click to read the article and then answer the questions:
Europe faces ‘competitiveness crisis’ as US widens productivity gap
Define productivity
Distinguish between public and private investment
With reference to the chart, compare productivity in the US with that of Europe
Using an AD/AS diagram, analyse the effects on the real economy of increased public and private investment
Define labour hoarding
Explain how labour hoarding could be a drag on productivity growth
Analyse the potential effects of AI on productivity
Gavin Clarke, Emmanuel College
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