Suppose That Output in an Economy Is 1,000 Units and the Number

question 167

Multiple Choice

Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is 40. What is the value of labor productivity?

• A) 0.04 units per worker hour.
• B) 25 units per worker hour.
• C) 125 units per worker hour.
• D) 1,000 units per worker hour.

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Definitions:

Recognition

The cognitive process involved in identifying and categorizing previously encountered stimuli.

Recall

The act of remembering or being able to bring back to mind an experience, fact, or piece of information.

Encoding

The method of changing data into a structure suitable for memory preservation.

Retention Measurement

The method of assessing the degree to which information or skills are maintained over time by an individual or group.