Kuznets, for his part, quantified the long sweep of historical experience of the United States and 13 other developed economies. He combined this with quantitative comparisons among developed and developing economies during the postwar period. Same topic Without knowledge of each other s work, both authors worked independently on their books without any connection from one another. Here, productivity is calculated using simple O/I algorithms. It presents eight levels of work units, from the lowest-motion up to highest-results-achieved because of outputs. Sassone (1991) The technique used by Sassone is simple to implement. Work is classified by the lowest level of employee. Work is then recorded by the type. Compared side by side, striking differences are evident between these two regions in terms of the productivity growth rates with which they entered the current recession. For the long period of 2000-2008, labor productivity in the United States increased at 2% against 1.5% in the European Union. (The 1.1% figure is even much smaller in the original EU-15 member states that exclude the new member states from Central and Eastern Europe. In turn, it could trigger reduced efficiency throughout the economy. Inflation may have a negative effect on capital accumulation. The opposite could also be true. In periods of fast outputs and real income growth, it is easier for monetary authorities to impose anti-inflationary rules. So far, the economists are not yet clear on any stable relations between inflation and either capital formation and technological change. When setting goals for yourself, consider and know yourself really well first. That is because you should take into consideration your various skills, ability, talent, capacity, competency, and knowledge in achieving or executing your goals. If you run short of any of the mentioned concepts, chances are realizing your goals would be as hard as you could never have imagined. Multi-factor measure Productivity can be expressed as partial measures, multifactor measures or total measures. Partial productivity is in terms of a single input. (These are units produced per worker, units per plant, or per hour, etc.) Multifactor productivity measures show the utilization of multiple inputs (e.