Average Labour Productivity

question 56

Multiple Choice

Average labour productivity

• A)is more variable than real GDP.
• B)is procyclical.
• C)is about as variable as investment.
• D)is a leading economic variable.
• E)is a lagging economic variable.

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Definitions:

Job Search

The process by which workers find appropriate jobs given their tastes and skills

Workers Equally Well Suited

The concept that workers have the same level of skills and abilities, making them interchangeable for tasks or jobs.

Bureau Of Labor Statistics

A U.S. government agency responsible for gathering and analyzing data related to employment, unemployment, wages, and working conditions.

Household Survey

A data collection method typically involving a sample of residences, used to gather various statistical data regarding demographics, employment, and other pertinent characteristics of the population within the households.