To measure how productive workers in the economy are, the best measure to use would be
A)real GDP.
B)GDP divided by the population.
C)GDP divided by the nation's capital stock.
D)GDP divided by hours worked.

Question

Quizplus · Accepted Answer

To measure how productive workers in the economy are, the best measure to use would be GDP divided by hours worked. This is because productivity is measured as the amount of output per unit of input, and in this case, the input is the number of hours worked by the workers in the economy. By dividing GDP by hours worked, we get a measure of productivity that takes into account both the quantity and quality of the output produced per hour worked. This measure is commonly referred to as labor productivity or output per hour.

To Measure How Productive Workers in the Economy Are, the Best