Labor productivity is calculated as
A) (real GDP ÷ aggregate hours) .
B) (real GDP ÷ aggregate hours × number of workers) .
C) (real GDP ÷ number of workers × ratio of capital per worker) .
D) (real GDP ÷ technology level) .
E) (real GDP ÷ aggregate hours × number of workers) × 100.
Correct Answer:
Verified
Q189: Real GDP is $700 billion,average hours worked
Q190: If the growth rate of population is
Q191: Last year,in a nation far to the
Q192: Labor productivity growth depends on
I.saving and investment.
Ii.increases
Q193: Labor productivity is defined as
A)total real GDP.
B)real
Q195: The quantity of real GDP produced by
Q196: Suppose that in the future,real GDP per
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents