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:

Break-Even Sales

The amount of revenue from sales that is exactly equal to the sum of fixed and variable costs, resulting in no profit and no loss.

Break-Even Sales

The amount of revenue needed to cover all fixed and variable expenses, resulting in neither profit nor loss.

Foreign Division

A segment or branch of a company that operates in a country different from the company's headquarters, engaging in business activities outside its home market.

Break-Even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in zero profit and zero loss.