Labor productivity growth is the growth rate of output
A) per person in the economy.
B) per worker in the economy.
C) for labor-intensive economies.
D) for the entire economy.

Question

Quizplus · Accepted Answer

Labor productivity growth measures the rate of growth in output per worker in the economy. It takes into account both the total output produced and the number of workers needed to produce that output.

Labor Productivity Growth Is the Growth Rate of Output