If Average Labour Productivity Decreases While the Population and the Number

question 63

Multiple Choice

If average labour productivity decreases while the population and the number of employed workers remain constant,then total output

• A) increases.
• B) decreases.
• C) remains constant.
• D) may increase or decrease.
• E) cannot be determined.

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Definitions:

Standard Deviation

A statistical metric that quantifies the amount of variation or dispersion of a dataset relative to its mean.

Mean Age

The average age of all individuals in a particular group or population, calculated by summing their ages and dividing by the number of individuals.

Finite Population Correction Factor

A statistical adjustment applied when sampling without replacement from a finite population to improve the accuracy of estimations and reduce sampling error.

Mean Salary

The average wage or salary calculated by summing all salaries and dividing by the number of salaries.