112.9
1984 152.2 118.5
1985 159.9 121.8
1986 163.0 124.9
1987 165.9 126.1
1988 167.0 129.0
1989 168.5 130.8
[Source: Bureau of Labor Statistics, 1990]
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The data presented in Table 1 do not indicate that produc tivity in Japan is higher than that in the United States. In fact, labor productivity in the United States remains approxi mately 25 percent higher than that in Japan, with output valued in constant prices and labor input measured in hours of work (Council of Economic Advisers, 1990). What the data presented in Table 1 do indicate is that Japanese productivity is improv ing far more rapidly than is that in the U
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