Labor Productivity Is Commonly Measured as

question 67

Multiple Choice

Labor productivity is commonly measured as

• A) the number of workers divided by real GDP.
• B) the change in real GDP divided by change in number of workers.
• C) nominal GDP divided by number of workers.
• D) real GDP divided by number of workers.

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Definitions:

Effective Yield

This term represents the total yield an investment returns, adjusted for compounding over a standard one-year period.

Present Value Factors

Mathematical factors used to calculate the present value of future cash flows, taking into account the time value of money and discount rates.

Maturity Value

The amount payable to the holder of a financial instrument at its maturity date, including the principal and any remaining interest.

Stated Interest Rate

The annual interest rate declared on a loan or financial instrument, not including any fees or compounding of interest.