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

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Definitions:

Repeated Studies

Research projects or experiments conducted more than once to verify findings and ensure reliability and validity of results.

Time Consuming

Activities or processes that require a considerable amount of time to complete.

Observations

The action or process of carefully watching something or someone, often used in research to collect data about the subject.

Interviews

A qualitative research method involving direct, often face-to-face conversation between an interviewer and interviewee to gather detailed information and personal perspectives.