What two factors are the keys to determining labour productivity?

Question

Quizplus · Accepted Answer

Labour productivity is determined by the efficiency of workers, which is affected by technology and the amount of capital per hour worked. Education levels and price levels may have an impact on productivity, but they are not the primary factors. The business cycle, growth rate of real GDP, and interest rates can affect productivity indirectly but are not the key determinants. Investment is important for productivity, but it is only one factor among many that contribute to productivity. The average number of hours worked is a measure of labour input, but it is not the only determinant of productivity.

What Two Factors Are the Keys to Determining Labour Productivity