How Is Labour Productivity Measured

question 34

Multiple Choice

How is labour productivity measured?  

• A) as total output times total employment 
• B) as the total output of all workers employed 
• C) as total output divided by the number of units of labour employed 
• D) as total labour input divided by output

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Definitions:

Oranges

A type of citrus fruit known for its round shape, orange color, and juicy, sweet flesh, commonly consumed fresh or juiced.

Peaches

Peaches refer to a juicy, soft fruit with a fuzzy skin, or the tree that bears this fruit.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Opportunity Cost

The cost of foregone alternatives when a decision is made, representing the benefits that could have been gained by choosing the next best alternative.