Average Labor Productivity Is Computed as the

question 31

Multiple Choice

Average labor productivity is computed as the

• A) ratio of industrial production to the employment rate.
• B) ratio of real output in manufacturing to the level of real GDP.
• C) ratio of real GDP to the unemployment rate.
• D) ratio of real GDP to the level of employment.

---

Definitions:

Horizontal

Often used to describe arrangements or relationships between entities at the same level in a particular market or process.

Per Se Illegal

Activities or agreements that are automatically considered unlawful without the need for further examination of their context or effects.

Clayton Act

A U.S. antitrust law aimed at promoting competition by prohibiting certain types of anti-competitive practices.

Sherman Act

A foundational antitrust law in the United States aimed at promoting competition by prohibiting monopolies and unfair business practices.