Labor Productivity Equals

question 124

Multiple Choice

Labor productivity equals

• A)real GDP.
• B)real GDP per hour of labor.
• C)the total production of labor.
• D)the quantity of labor hours divided by real GDP.
• E)real GDP divided by the amount of human capital.

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Definitions:

Full-Time Worker

An employee who works the number of hours defined by an employer as a full work week, typically around 40 hours in many countries.

Work Ethic

The principle that hard work is intrinsically virtuous or worthy of reward, often emphasizing diligence and discipline.

Government Welfare

A system of financial aid and other services provided by the government to those in need, including the unemployed, elderly, and disabled.

Health Benefits

Advantages or positive effects on one's health, often associated with certain activities, diets, or healthcare plans.