Labor productivity is
A) the rate of change in real GDP per hour of labor.
B) real GDP per hour of labor times the hours of work.
C) real GDP per hour of labor times the number of people.
D) real GDP per hour of labor.
Correct Answer:
Verified
Q132: Labor growth depends mainly on and labor
Q133: An increase in the population and hence
Q134: Labor productivity is defined as
A) the growth
Q135: If the population increases, then potential GDP
Q136: If real GDP is $13,000 billion and
Q138: The real wage rate will fall if
Q139: If real GDP is $800 million and
Q140: Real GDP grows when
I. the quantities of
Q141: If new capital increases labor productivity, the
Q142: If real GDP is $13,500 billion and
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