If Both Total Employment and Total Output in an Economy

question 39

Multiple Choice

If both total employment and total output in an economy grow by 2 percent each year,then the annual growth in labor productivity in the economy over a decade will be equal to _____.

• A)0 percent
• B)2 percent
• C)10 percent
• D)20 percent
• E)2 percent times the size of the labor force

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Definitions:

Affiliation

The connection or association with a group or an organization.

Sociological

Relating to sociology, which is the study of the development, structure, and functioning of human society.

Psychosocial

Pertaining to the influence of social factors and individual psychological aspects on human development and behavior.

Competence

The ability or skill to do something successfully or efficiently.