One of the determinants of real GDP is output per hour of labor.This statistic is called labor
A)force growth.
B)productivity.
C)force participation.
D)force input.

Question

Quizplus · Accepted Answer

Labor productivity is the output per hour of labor, meaning how much output can be produced in one hour of work. This is an important determinant of real GDP as it measures how efficiently resources (labor) are being utilized in the production process. Options A, C, and D are not correct as they do not accurately reflect the concept of labor productivity.

One of the Determinants of Real GDP Is Output Per