Labour Productivity, Measuring the Output Per Worker

question 54

Multiple Choice

Labour productivity, measuring the output per worker,

• A) increases with increases in technology.
• B) decreases with increases in technology.
• C) increases with increases in capital stock.
• D) is impossible to measure since so many workers are involved in the service sector.

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Definitions:

Financial Institution

An organization that provides financial services, such as banking, loans, or investment advice, to individuals or businesses.

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A term describing agreements or contracts that are recognized by and can be upheld in a court of law.

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