Additional labor productivity would be equivalent to a.marginal productivity of the worker. b. education and skills. c. GDP per number of active labor force. d. additional output for additional input. e. it is not equivalent any of the choices. f. all of the choices are correc

Additional labor productivity would be equivalent to a.marginal productivity of the worker. b. education and skills. c. GDP per number of active labor force. d. additional output for additional input. e. it is not equivalent any of the choices. f. all of the choices are correc

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter13: Earnings, Productivity, And The Job Market

Section: Chapter Questions

Problem 5CQ

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Question

Additional labor productivity would be equivalent to

a.marginal productivity of the worker.

b. education and skills.

c. GDP per number of active labor force.

d. additional output for additional input.

e. it is not equivalent any of the choices.

f. all of the choices are correct

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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