Which of the Following Variables Can Be Used to Measure

question 146

Multiple Choice

Which of the following variables can be used to measure labor productivity?

• A) real GDP
• B) number of workers
• C) number of labor hours
• D) all of the above

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Definitions:

Fringe Benefits

Additional benefits supplementing an employee's salary, such as health insurance, paid vacation, or a company car.

Freight Costs

Expenses incurred by a company to transport goods from one place to another.

Purchase Price

The amount of money paid to acquire a good, service, or asset.

Materials Quantity Standard

The established amount of materials that should be used for the production of a unit of goods.