Last year,in a nation far to the South,real GDP was $90 million and 900,000 workers were employed.This year real GDP is $100 million,950,000 workers are employed,and the number of hours each worker works per year did not change.Hence,labor productivity
A) has increased.
B) has decreased.
C) has remained constant.
D) cannot be compared between the two years because both real GDP and the number of workers increased.
E) might have changed,but more information is needed to determine if it changed.
Correct Answer:
Verified
Q186: In recent years,Taiwan has experienced increases in
Q187: Labor productivity is equal to the quantity
Q188: An increase in labor productivity
A)increases the standard
Q189: Real GDP is $700 billion,average hours worked
Q190: If the growth rate of population is
Q192: Labor productivity growth depends on
I.saving and investment.
Ii.increases
Q193: Labor productivity is defined as
A)total real GDP.
B)real
Q194: Labor productivity is calculated as
A)(real GDP ÷
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