What two factors are the keys to determining labor productivity?

Question

Quizplus · Accepted Answer

Labor productivity is determined by two main factors, which are technology and the quantity of capital per hour worked. Technological advancements allow for greater output with the same amount of labor and capital, increasing productivity. Additionally, an increase in the quantity of capital per hour worked can lead to more efficient production processes, again increasing productivity. Therefore, choice C is the best answer as it accurately reflects the key determinants of labor productivity.

What Two Factors Are the Keys to Determining Labor Productivity