Labour productivity is found by

Question

Quizplus · Accepted Answer

Labour productivity is calculated by dividing the total value of domestic output (GDP) by the number of workers. This gives an indication of the efficiency with which an economy uses its labour resources to produce goods and services. Option A is incorrect as net domestic product is a measure of GDP that deducts depreciation from the total value of output. Option C is incorrect as it divides the labour force by GDP, which doesn't make sense as they are not directly related. Option D is incorrect as it refers to the rate of investment in new capital goods, not labour productivity.

Labour Productivity Is Found by