Average labor productivity is computed as the
A) ratio of industrial production to the employment rate.
B) ratio of real output in manufacturing to the level of real GDP.
C) ratio of real GDP to the unemployment rate.
D) ratio of real GDP to the level of employment.

Question

Quizplus · Accepted Answer

Average labor productivity measures the amount of real output produced by an average unit of labor, which is calculated as the ratio of real GDP to the level of employment.

Average Labor Productivity Is Computed as the