Labour productivity is defined as

Question

Quizplus · Accepted Answer

Labour productivity is measured by the amount of real GDP produced per hour of labour, making option E the most appropriate choice. Option A only measures the time spent by each worker, while option B only looks at the total production without taking into account the number of workers involved. Option C looks at real GDP per person, but this does not take into account the number of hours worked by each person. Option D looks at total real GDP, but does not take into account the number of hours worked to produce that output.

Labour Productivity Is Defined as