Using data from the St. Louis Federal Reserve
(FRED) (http://research.stlouisfed.org/fred2/),
analyze differences in labor productivity among the
China, India, and the United States.
a. From 1952 to the present, download
data for real GDP per worker for
China (RGDPL2CNA627NUPN), India
(RGDPLWINA627NUPN), and the United
States (RGDPLWUSA627NUPN). Chart the
series on a graph.
b. Calculate the relative productivity of workers
in China and the United States, measured
by U.S. labor productivity divided by China’s
labor productivity. Describe the change in this
measure of relative productivity since 1952.
c. Repeat part (b) for the United States and India.