What Two Factors Are the Keys to Determining Labor Productivity

question 134

Multiple Choice

What two factors are the keys to determining labor productivity?

• A)the business cycle and the growth rate of real GDP
• B)the growth rate of real GDP and the interest rate
• C)the level of technology and the quantity of capital per hour worked
• D)the average level of education of the workforce and the price level

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Definitions:

Imaginary Friends

Fictional characters created by children for companionship, often seen as a normal aspect of child development.

Peer Relationships

Social connections among individuals of approximately the same age, which are important for social development.

Avoidance

A defensive mechanism where an individual steers clear of certain thoughts, feelings, or interactions due to perceived negative outcomes.

Centration

A term from Piaget's theory of cognitive development, describing the tendency to focus on one aspect of a situation while neglecting others.