Average labour productivity is computed as the
A) ratio of industrial production to the employment rate.
B) ratio of real output in manufacturing to the level of real GDP.
C) ratio of real GDP to the unemployment rate.
D) ratio of real GDP to the level of employment.
E) ratio of labour input to real GDP.

Question

Quizplus · Accepted Answer

Average labour productivity is computed as the ratio of real GDP to the level of employment. It is a measure of the amount of output produced per worker. Option A is incorrect because it focuses only on industrial production and does not capture productivity in other sectors. Option B also only focuses on manufacturing output and not overall productivity. Option C is incorrect because the unemployment rate is not directly related to productivity. Option E is the inverse of the correct answer and does not capture the output per worker.

Average Labour Productivity Is Computed as the