Average labour productivity is computed as the
A) ratio of real output in manufacturing to the level of real GDP.
B) ratio of labour input to real GDP.
C) ratio of real GDP to the unemployment rate.
D) ratio of real GDP to the level of employment.
E) ratio of industrial production to the employment rate.
Correct Answer:
Verified
Q9: Average labour productivity tends to be
A)countercyclical and
Q10: If the correlation between GDP and y
Q11: A business cycle trough is a
A)relatively large
Q12: Average labour productivity
A)is more variable than real
Q13: In Canada, three important recessions occurred between
A)1978-1979,
Q15: If the correlation coefficient between x and
Q16: The TSE composite index tends to
A)lag income
Q17: For the period 1976 2018, employment in
Q18: If the correlation coefficient between x and
Q19: The 2008-2009 recession was more severe than
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