Japan - Changes in AS/LRAS
Japan - Changes in AS/LRAS GDP Per Hour Worked in Japan The GDP per hour worked has been pretty much the same for the last ten years. You can see that it has rissen a little from 2010 - 2020. This might be a result of decreasing supply of workers, which makes current workers more valuable. A the amount of people in Japans work force decreases the Hourly GDP will probably increase. This graph shows the amount of people employed in Japan from 2012 - 2020. You can see that the graph steadily rose for many years, but at the end it has started to drop. This is mostlikely because there arent enough new young people entering the work force in Japan. The lack of new employees is causing businesses to loose workers. As people retier no one takes their place and the businesses loose workers. this will shift the LRAS to the left because over time as there isn't enough workers in the workf...