Multiple Choice
Labour productivity is found by
A) the net domestic product.
B) dividing the value of total domestic output (GDP) by the number of workers.
C) the size of the labour force divided by total real GDP.
D) the rate of capital accumulation.
Correct Answer:
Verified
Correct Answer:
Verified
Q98: The main benefit to economic growth is<br>A)sustainable
Q99: Economists typically agree that the special position
Q100: Labour productivity is<br>A)the average amount produced times
Q101: Other things constant,a lower savings rate<br>A)leads to
Q102: A system of property rights<br>A)enhances economic growth
Q105: If population growth is more than growth
Q106: Other things held constant,an increase in consumption
Q107: Economic growth may overstate changes in standards
Q108: Labour productivity decreases when<br>A)the population increases.<br>B)output remains
Q173: Suppose two countries have identical growth rates