Average Labour Productivity

question 42

Multiple Choice

Average labour productivity

• A)cannot be measured.
• B)is measured as total output divided by the number of unemployed workers.
• C)is output minus the capital stock.
• D)is measured as the ratio of aggregate output to total employment.
• E)is the ratio of employment to aggregate output.

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Definitions:

Average Cost

The total cost of production divided by the number of goods produced, also known as cost per unit.

Copper

A reddish-brown, malleable, ductile metallic element with high electrical and thermal conductivity, used in many alloys and as electrical conductors.

Zinc

A metallic chemical element with the symbol Zn and atomic number 30, used in alloys and as a protective coating for iron and steel.

Factor Prices

The prices of inputs such as labor, capital, land, and raw materials used in the production of goods or services.