Whenever average output produced per worker during a specific time period increases,then

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Quizplus · Accepted Answer

When average output produced per worker increases, it means that labor productivity is increasing. This means that workers are able to produce more goods and services in the same amount of time, which can lead to increased profits and potential wage increases. As a result, labor productivity gains generally lead to an increase in the standard of living as people are able to consume more goods and services with the same or less amount of work. Leisure time may increase if productivity gains lead to shorter work hours or increased vacation time, but this is not necessarily always the case. Nominal GDP may increase or decrease depending on various factors, but it is not directly related to labor productivity gains.

Whenever Average Output Produced Per Worker During a Specific Time