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Question
Microeconomics
Posted 6 months ago

Which of the following is typically used as a measure of average labor productivity?

Choose 1 answer:
(A) Capital per worker
(B) Output per capita
(C) Technology per worker
(D) Nominal GDP
(E) Real GDP
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Answer from Sia
Posted 6 months ago
Solution
a
Definition of Average Labor Productivity: Average labor productivity is typically measured as the output produced per unit of labor input
b
Identifying the Correct Measure: Among the given options, the measure that aligns with this definition is "Output per capita."
Answer
(B) Output per capita
Key Concept
Average labor productivity is a measure of the efficiency of labor in producing output.
Explanation
The correct measure of average labor productivity is output per capita, as it directly relates to the amount of output produced per worker.
◊What is the formula for calculating average labor productivity in an economy using output per capita? 

Average labor productivity=Total outputNumber of workers
\text{Average labor productivity} = \frac{\text{Total output}}{\text{Number of workers}}
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