Suppose Q Is Total Real Output, K Is Capital in Use

question 21

Multiple Choice

Suppose Q is total real output, K is capital in use, and L is labour employed.How is the productivity of labour measured?  

• A) as K/L 
• B) as L/K 
• C) as Q/L 
• D) as Q/K

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Definitions:

Publicly Traded

A term describing a company whose shares are openly sold and bought on stock exchanges, allowing public ownership.

Confidential Information

Information that is not public knowledge and is protected from being disclosed, often due to its sensitive nature.

Insider Trading

The buying or selling of a publicly-traded company's stock by someone who has non-public, material information about that stock.

Securities and Exchange Commission

A federal agency responsible for regulating the securities industry, enforcing federal securities laws, and overseeing the stock and options exchanges in the United States.