The quantity of GDP produced per worker, typically measured in quantity of GDP per hour of labor, is known as

a. labor productivity
b. capital productivity
c. the degree of labor specialization
d. the marginal productivity of labor
e. the size of the labor force

A

Economics

You might also like to view...

Voluntary exchange between buyers and sellers generates ________ in a market economy

A) productive efficiency B) allocative efficiency C) scarcity D) equity

View
Economics

A recession occurs only if there are two consecutive quarters of declining real GDP

a. True b. False

View
Economics