Labor productivity is
a. real GDP per hour of labor times the number of people.
b. real GDP per hour of labor.
c. real GDP per hour of labor times the hours of work.
d. the rate of change in real GDP per hour of labor.
Ans: b. real GDP per hour of labor.
Economics
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In a prisoner's dilemma:
a. all competing parties gain. b. one competitor gains at the expense of another. c. all competing parties lose. d. one competitor loses.
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Which of the following explains why supply curves slope upward?
A) prices and income B) increasing marginal cost C) resources and technology D) substitutes in production and complements in production
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