Which of the following is an example of a measure of labor productivity?
A)Farm workers produce 30 bushels of wheat per worker per day.
B)Autos get 30 gallons to the mile.
C)The growth rate of per capita real GDP is 3.5 percent per year.
D)Wages increase by 3.5 percent per year for 5 years.

Question

Quizplus · Accepted Answer

Labor productivity is usually measured in terms of output per unit of labor. In this case, the measure is 30 bushels of wheat per worker per day, which is an example of labor productivity.

B) is a measure of fuel efficiency for automobiles and is not related to labor productivity.

C) is a measure of economic growth and does not focus on labor productivity specifically.

D) is a measure of wage growth over time and is not related to labor productivity.

Which of the Following Is an Example of a Measure