Average labor productivity is computed as the
A) ratio of industrial production to the employment rate.
B) ratio of real output in manufacturing to the level of real GDP.
C) ratio of real GDP to the unemployment rate.
D) ratio of real GDP to the level of employment.
D
You might also like to view...
The Clean Air Act of 1972 required some companies to install the "best available" pollution control technologies. This is an example of:
a. the government using a subsidy to encourage a negative externality. b. the government using the command approach to discourage a negative externality. c. the government using the command approach to encourage a positive externality. d. a marketable pollution permit. e. a pollution tax.
Using open market operations to create or reduce deposits has two advantages over other tools. Those advantages are
a. secrecy and security b. precision and effectiveness c. secrecy and effectiveness d. security and precision e. precision and secrecy