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Author Question: Which of the following is true about labor productivity? A) it is the amount of total factor ... (Read 43 times)

Wadzanai

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on: Jun 30, 2018
Which of the following is true about labor productivity?
 
  A) it is the amount of total factor productivity (TFP) per unit of labor
  B) it is more difficult to measure than TFP
  C) it is a more general and better measure of productivity than TFP
  D) all of the above
  E) none of the above

Question 2

Average labor productivity is defined as
 
  A) per-capital real GDP divided by employment.
  B) nominal GDP divided by employment.
  C) per-capita nominal GDP divided by employment.
  D) real GDP divided by employment.


bassamabas

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


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