Average Labour Productivity Equals

question 33

Multiple Choice

Average labour productivity equals

• A) average production per year.
• B) total output.
• C) output per person.
• D) output per employed worker.
• E) production per person.

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Definitions:

Macroeconomic Environments

The overarching economic conditions affecting topics such as inflation, unemployment, and economic growth on a large scale.

Expected Income

The amount of income an individual or entity anticipates earning over a specific period.

Utility

An economic term referring to the total satisfaction received from consuming a good or service.

Utility

A measure of satisfaction, usefulness, or pleasure obtained from consuming goods and services.