Output Per Employed Worker Is Called

question 39

Multiple Choice

Output per employed worker is called

• A) total output.
• B) the average standard of living.
• C) economic growth.
• D) output per person.
• E) average labour productivity.

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Definitions:

Unit Sales

The quantity of items or products sold, not taking into account the revenue generated from these sales.

Price Hike

An increase in the listed price of goods or services, often due to increased costs or higher demand.

Sales Forecast

An estimate of the amount of products or services a company expects to sell in a future period, which is crucial for budgeting and planning purposes.

Net Operating Income

The profit a company makes from its regular business operations, excluding expenses and revenue from non-operational activities.