Labor productivity is defined as
A) the growth rate of the labor force.
B) real GDP per hour of labor.
C) total output attributable to labor.
D) total real GDP.
Correct Answer:
Verified
Q129: If the labor and capital grow more
Q130: Potential GDP per labor hour can increase
Q131: When the population increases with no change
Q132: Labor growth depends mainly on and labor
Q133: An increase in the population and hence
Q135: If the population increases, then potential GDP
Q136: If real GDP is $13,000 billion and
Q137: Labor productivity is
A) the rate of change
Q138: The real wage rate will fall if
Q139: If real GDP is $800 million and
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