Labor productivity is commonly measured as
A) the number of workers divided by real GDP.
B) the change in real GDP divided by change in number of workers.
C) nominal GDP divided by number of workers.
D) real GDP divided by number of workers.
D
Economics
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Poverty is considered to be more permanent in the United States than it is in other nations.
Answer the following statement true (T) or false (F)
Economics
Minimum wage laws contribute to structural unemployment by:
A. keeping wages below the market-clearing level. B. forcing unemployed workers to take the first job offered to them. C. allowing unemployed workers to search longer or less intensively for jobs. D. keeping wages above the market-clearing level.
Economics