'Evaluations of an economy's productivity performance are made using a measure of real gross domestic product (GDP), which represents the constant dollar income (labour income plus profits) that an economy generates through domestic production, with the volume or constant dollar indices being calculated from the prices'
'DP=(GDP/Hours)*(Hours), (1)
where Hours is the total number of worker-hours.
Chart 1 depicts changes in each of these components over time. For the entire 1961-to-2012 period, labour productivity advanced at a 1.9% annual average, accounting for slightly more than half of the increase in GDP growth. The rest is attributed to hours, which increased at 1.5% per year on average.
Aggregate GDP measures the returns to both labour and capital. Distributional concerns lead to questions about whether the share going to labour increases over time and, in particular, how productivity growth is related to real income.'
'DP=(GDP/Hours)*(Hours), (1)
where Hours is the total number of worker-hours.
Chart 1 depicts changes in each of these components over time. For the entire 1961-to-2012 period, labour productivity advanced at a 1.9% annual average, accounting for slightly more than half of the increase in GDP growth. The rest is attributed to hours, which increased at 1.5% per year on average.
Aggregate GDP measures the returns to both labour and capital. Distributional concerns lead to questions about whether the share going to labour increases over time and, in particular, how productivity growth is related to real income.'
https://www150.statcan.gc.ca/n1/pub/15-206-x/15-206-x2014038...