Labor productivity is
A) the rate of change in real GDP per hour of labor.
B) real GDP per hour of labor.
C) real GDP per hour of labor times the hours of work.
D) real GDP per hour of labor times the number of people.
Correct Answer:
Verified
Q144: If real GDP is $800 million and
Q145: When labor productivity increases, the demand for
Q146: Labor productivity is defined as
A) total output
Q147: Labor productivity equals
A) real GDP divided by
Q148: If real GDP is $11,750 billion and
Q150: If real GDP is $13,500 billion and
Q151: An increase in productivity relates to
A) producing
Q152: If real GDP is $13,000 billion and
Q153: Dividing the value of real GDP by
Q154: Labor productivity .
A) is labor per unit
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