ESSAY TEST a. Explain the terms work, productivity and entrepreneurship.
b. Examine the relationship between work and productivity.
rises in Ghana
rises

Productivity is computed by dividing average output per period by the total costs incurred or resources eg capital, energy and materialconsumed in that period.

Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, which may include other values than simply economic ones.

work is a task or tasks to be undertaken.

Explanation:

This section outlines Ghana’s economic growth performance over the last two decades. It gives

an account of economic growth trends and examines the sources of growth from the demand

side of the National Accounts. The performance of broad sectors of the national economy and

how they drive the overall growth of the economy are also examined.Ghana attained middle-income status after rebasing its National Accounts, pushing per capita

gross domestic product (GDP) of the country above USD1,000 in 2007. After recovering from

economic recession in 1984 on account of the Bretton Woods sponsored economic reform

introduced at that time, Ghana’s growth has been remarkably strong, with its lowest economic

growth of 3.3 per cent recorded in 1994. The country’s growth rate reached its peak of 15 per

cent in 2011 on the back of the commencement of commercial production of oil, making it one

of the fastest growing economies globally during that year. This has translated into increased per

capita income, which reached a high of about USD1,900 in 2013.

b) the planets year length would be longer

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