Labor productivity equals
A) real GDP divided by the capital stock.
B) total wages divided by real GDP.
C) real GDP divided by aggregate labor hours.
D) real GDP divided by the working- age population.
Correct Answer:
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Q142: If both the supply of labor and
Q143: Q144: If real GDP is $800 million and Q145: When labor productivity increases, the demand for Q146: Labor productivity is defined as Q148: If real GDP is $11,750 billion and Q149: Labor productivity is Q150: If real GDP is $13,500 billion and Q151: An increase in productivity relates to Q152: If real GDP is $13,000 billion and
A) total output
A) the rate of change
A) producing
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