Why you are giving productivity a wrong definition usually you are to the point. Here guess you are trying to simplify things but productivity is not gdp per capita. It's a microeconomics variable and the p=f(k. L) the marginal product is the differential of the function
The measure of productivity that I am using here is an average product concept. In micro, AP is the firm's output / L. For the macro economy, it is the nation's output / L.
Why you are giving productivity a wrong definition usually you are to the point. Here guess you are trying to simplify things but productivity is not gdp per capita. It's a microeconomics variable and the p=f(k. L) the marginal product is the differential of the function
The measure of productivity that I am using here is an average product concept. In micro, AP is the firm's output / L. For the macro economy, it is the nation's output / L.