Asked by
Henry Marpali
on Oct 12, 2024Verified
Labor productivity is measured by
A) the ratio of capital to labor.
B) real output per worker hour.
C) real output per capita.
D) the ratio of worker hours to real GDP.
Labor Productivity
The measure of the amount of goods and services produced by one hour of labor.
Worker Hour
A measure of labor that represents one hour of work performed by an employee or a group of employees.
- Comprehend the connection between economic expansion and productivity enhancement.
Verified Answer
JM
Learning Objectives
- Comprehend the connection between economic expansion and productivity enhancement.