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.
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