How Is Labour Productivity Measured

question 47

Multiple Choice

How is labour productivity measured?  

• A) as total employment divided by total output 
• B) as total output divided by total employment 
• C) as labour force divided by total output 
• D) as total output divided by labour force

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Definitions:

Industrial Market Economies

Economies characterized by sectors that primarily focus on manufacturing and industrial activities, as opposed to agricultural or service sectors, generally involving a significant use of technological and capital investment.

Sub-Saharan African

Refers to the geographic region of the African continent that lies south of the Sahara Desert, characterized by diverse cultures, languages, and economies.

Stages of Development

A theoretical framework describing the progression through which societies, economies, or industries evolve over time.

Per Capita Income

A measure of the average income earned per person in a given area or country, calculated by dividing the area's total income by its population.