An increase in_______ means that a given number of workers can produce more output than before.

Question

Quizplus · Accepted Answer

Productivity is a measure of output per unit of input, such as labor. If productivity increases, then each worker can produce more output, which means the same number of workers can produce more goods and services than before. This leads to economic growth and can help to reduce unemployment. The other options, such as CPI (consumer price index) and GDP (gross domestic product), are unrelated to the ability of workers to produce more output. Structural unemployment refers to job losses due to changes in the structure of the economy, such as a shift in demand away from certain industries.

An Increase In_______ Means That a Given Number of Workers