Labour productivity is
A) real GDP per hour of labour times the hours of work.
B) real GDP per hour of labour times the population.
C) the quantity of real GDP produced by an hour of labour.
D) the rate of change in real GDP per hour of labour.
E) shown as a movement along the production function.
Correct Answer:
Verified
Q42: An increase in labour productivity _ the
Q43: The aggregate production function shows how _
Q44: If real GDP is $12,150 billion and
Q45: Use the figure below to answer the
Q46: If real GDP is $800 million and
Q48: When labour productivity increases, the demand for
Q49: An increase in population results in
A)an upward
Q50: Ceteris paribus, an increase in labour productivity
Q51: Use the figure below to answer the
Q52: When the population increases with no change
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