By dividing the value of total domestic output (GDP)by the number of workers,economists derive

Question

Quizplus · Accepted Answer

Dividing the value of total domestic output by the number of workers gives us the measure of labour productivity, which is the amount of output produced per unit of labour input. Therefore, option B is the correct answer. Option A is incorrect as the net domestic product is GDP minus depreciation. Option C is incorrect as the size of the labour force is the number of people who are either employed or actively seeking employment. Option D is incorrect as the rate of capital accumulation measures how much capital is being added to an economy, not the output per worker.

By Dividing the Value of Total Domestic Output (GDP)by the Number