Labour productivity is
A) shown as a movement along the production function.
B) the rate of change in real GDP per hour of labour.
C) the quantity of real GDP produced by an hour of labour.
D) real GDP per hour of labour times the hours of work.
E) real GDP per hour of labour times the population.
Correct Answer:
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Q50: If real GDP is $12,150 billion and
Q51: When the population increases with no change
Q52: An increase in labour productivity _ the
Q53: Use the figure below to answer the
Q54: Use the figure below to answer the
Q56: When labour productivity increases, the demand for
Q57: An increase in population
A)creates a movement along
Q58: Ceteris paribus, an increase in the population
Q59: Use the figure below to answer the
Q60: If real GDP is $800 million and
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