Labor Productivity Is Measured As

question 38

Multiple Choice

Labor productivity is measured as:

• A)the share of wages in national income.
• B)the change in labor to capital ratio.
• C)real output per labor hour.
• D)the change in output from hiring an additional unit of labor.
• E)the growth in the quantity of labor.

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Definitions:

Retain

To keep or continue holding, possessing, or maintaining something or someone.

Ethical Issue

A situation or problem that requires an individual or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Recognize

To identify or acknowledge somebody or something as being a certain way or having certain characteristics.

Difficult

Describes a situation, task, or problem that is hard to solve, challenging to overcome, or complex in nature.