What two factors are the keys to determining labor productivity?the business cycle and the growth rate of real GDP the growth rate of real GDP and the interest rate technology and the quantity of capital per hour worked the average level of education of the workforce and the price level

Q: Which of the following does NOT influence growth of labor productivity? discovery of new…

A: Labor productivity refers to the productivity or total output produced by the labor employed.  Labor…

Q: Which of the following best describes what leads to an increase in labor productivity?   Greater…

A: In the labor market, the firms demand labor services in order to produce output. A firm maximizes…

Q: What were the sources of labor productivity growth in the U.S. economy during the sixty years since…

A: 1) During the sixty years since 1960, the sources of labor productivity growth in the U.S economy…

Q: Which of the following explanations have been offered as reasons for this change in productivity?…

A: Productivity is a measures output for a unit of input such as how much labor is involved and capital…

Q: the work ethic of the country's workers worsens over time resulting in a significant reduction in…

A: Option (C).

Q: How do we measure labor productivity? How do changes in labor productivity affect the U.S. standard…

A: Labor productivity of a country measures output produced by the country in an hour for a firm it is…

Q: List and describe 3 factors of labour productivity.

A: Labor productivity: - Labor productivity is the capacity or ability of labor to produce goods and…

Q: What happens to the economic growth if the unemployment rate is too high

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Q: Economist believe there is a strong correlation between productivity and the standard of living?…

A: Productivity is the amount of output produced in one hour per worker. Higher productivity implies…

Q: Explain the innovation p

A: Innovation means an overall change or improvement in manufacturing technique, quality of product or…

Q: Improvements and advances in technology: a) explain most of the economic growth in recent decades.…

A: The economic growth of a nation is measured by the growth of real GDP per capita. It shows the…

Q: Which of the following would increase labor productivity? a decrease in amount of capital per…

A: Labor productivity is very important in the production process of business activities. Labor…

Q: Which of the following will not increase the average productivity of labor? O a. an increase in the…

A: Productivity of labor tends to have a direct impact on the growth of the economy and help in…

Q: Which of the following would not affect labor productivity, i.e. more output per unit of labor hour?…

A: Labor Productivity refers to measure the hourly output of a countries economy, more specifically it…

Q: Productivity varies across countries because of differences in (Check all that apply) O A. physical…

A: Productivity is the output produced per unit of input. Different countries have different amounts of…

Q: Since the late 1950s, economists have performed “growthaccounting” studies in the United…

A: In the year 1957 Robert Solow introduced the term economic growth accounting, which is a study of…

Q: Please provide a thorough definition of what is economic growth and unemployment.  Provide a…

A: Economic Growth is the increase in the output or production of goods and services in the country…

Q: Labour productivity is a measured as the..

A: Productivity is considered as the physical relationship between the output and the input. It…

Q: Technological change and labor productivity are positively related

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Classify each of the following as a movement along or a shift of the production function and provide…

A: Since you have posted a question with multiple subparts we will solve first three parts for you and…

Q: What are the effects of an increase in labor productivity on potential GDP, the quantity of labor,…

A: Gross Domestic Product is the total amount of goods and services that an economy can produce within…

Q: (Labor Productivity) Identify at least four definable periods of labor productivity growth beginning…

A: In the history of United States, labor productivity has changed many times due to changes in the…

Q: gives 4 US government current policies that affect the real GDP growth, labor force participation…

A: GDP: The gross domestic product, or GDP, can be defined as the final value of the goods and services…

Q: What determines how productive workers are? How do gains in labor productivity lead to gains in GDP…

A: Labor productivity is an important economic indicator that is closely related to an economy's…

Q: i) What is the relationship between unemployment and economic growth for each country?   (ii)…

A: GDP: It refers to the goods and services an economy can produce within a year. The more the economy…

Q: Economist believe there is a strong correlation between productivity and the standard of living.…

A: Productivity: - Productivity is the production capacity of input used. Standard of living: - it…

Q: Improvements in their productivity of labor will tend to

A: productivity of labor estimates the hourly result of a nation's economy. In particular, it outlines…

Q: improvement in the productivity of labor will tend

A: The productivity of labor refers to the number of goods and services produced by the labor at a…

Q: How do we measure labor productivity? How do changes in labor productivity affect the U.S. standard…

A: The productivity of labor measures the hourly performance of an economy in a region.

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: There are four determinants of productivity. They are: Physical capital Human capital Natural…

Q: Define the term labor productivity?

A: Labour productivity  is the amount  of output traditional labour  turns out in an hour of work, in a…

Q: What do you think about the US Economic Growth Rate? What strategies can we use to increase the US…

A: The United States' economic freedom score is 72.1, making it the 25th freest economy in the Index…

Q: 1. Technological change and labor productivity are positively related

A: Positive relation: It means that two or more variables move in the same direction.

Q: Which one of the following is not true for the process of long-run economic growth? A) Societies…

A: Long-run economic growth is defined as the sustained rise in the quantity of goods and services that…

Q: In the following table, match each example to the productivity determinant it represents. Human…

A: The standard of living of any country directly depends on the productivity of the citizens in the…

Q: A traditional theory did not include the growth of the labor productivity in the computation of…

A: In the economic matters investigation of the public area, economic and social improvement is the…

Q: Economist believe there is a strong correlation between productivity and the standard of living?…

A: With increase in productivity,firms profits increases.Therefore employment of people increases.

Q: Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001,…

A: GDP is the value of final goods and services produced in the country within a given period of time.

Q: How we can measure Economic success and how it is important for economic growth.

A: Several social activists and policymakers have argued that relying solely only on the GDP growth…

Q: 38. The ways to increase labor productivity include a. increasing the capital-labor ratio; b.…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: How do you determine a positive relationship between economic growth and unemployment.

A: Economic growth is the expansion of output and income of an economy. Unemployment rate is the rate…

Q: Gourmet Bangus can produce 800 bottled gourmet bangus in one-half with five (5) workers. What is the…

A: Quantity=800 Time= 4.5 hours No. of workers=5