Average Labour Productivity Tends to Be

question 56

Multiple Choice

Average labour productivity tends to be

• A) procyclical and less variable than real GDP.
• B) procyclical and more variable than real GDP.
• C) countercyclical and less variable than real GDP.
• D) countercyclical and more variable than real GDP.
• E) acyclical with real GDP.

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Definitions:

Domestic Consumers

Inhabitants or domestic groups in a country buying items and services for private use.

Domestic Producers

Companies or individuals that manufacture or create goods and services within a country's borders, contributing to the domestic economy.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity of that good supplied, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services that are supplied and demanded at the equilibrium price.