Labour Productivity Is Represented by Which of the Following

question 7

Multiple Choice

Labour productivity is represented by which of the following?

• A) The ratio of output to the labour force.
• B) The ratio of output to population.
• C) The ratio of output to employment.
• D) Workers per unit of capital.
• E) Capital per worker.

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Definitions:

Financial Investment

The allocation of resources into financial assets, such as stocks, bonds, or real estate, with the expectation of receiving future returns.

Purchases of Services

Transactions where buyers acquire services rather than tangible goods from sellers.

Net Exports Component

The difference between a country's total exports of goods and services and its total imports, part of the gross domestic product calculation.

Consumption Component

The part of total economic output that is used by individuals and households for personal needs and wants.