Labor productivity will increase if the ________ increases and ________.

Name: Labor productivity will increase if the ________ increases and ________.
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Question

Quizplus · Accepted Answer

Labor productivity is calculated as the output per unit of labor. Increasing the quantity of capital per hour worked will enhance the output potential of labor, while improving technology will reduce the amount of inputs required to produce a given amount of output, leading to an increase in labor productivity. Therefore, the correct answer is A.

Labor Productivity Will Increase If the ________ Increases and ________

Labor Productivity Will Increase If the Increases and