What Two Factors Are the Keys to Determining Labor Productivity

question 49

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)technology and the quantity of capital per hour worked
• D)the average level of education of the workforce and the price level

---

Definitions:

Expected Frequencies

Expected frequencies refer to the counts of observations that one expects in each category of a statistical distribution based on a hypothesis or model.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists in the population from which a sample is drawn.

Number of Groups

Refers to the count of distinct categories or clusters into which data points or subjects are classified.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, and any observed difference is due to sampling or experimental error.