Labour Productivity Is Defined as

question 40

Multiple Choice

Labour productivity is defined as

• A)hours of work per person.
• B)total output multiplied by the total hours of labour.
• C)real GDP per person.
• D)total real GDP.
• E)real GDP per hour of labour.

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Definitions:

Bar Graph

A graph that uses bars of varying heights or lengths to show the comparative sizes of different observations of a variable.

Linear Curve

A linear curve is a straight line graphically showing the relationship between two variables, with a constant slope and no curvature.

Slope

In mathematics, the measure of the steepness or incline of a line, expressed as the ratio of the vertical change to the horizontal change.

Scatter Diagram

A graph that shows points that correspond to actual observations of the x- and y-variables; a curve is usually fitted to the scatter of points to indicate the trend in the data.