📚 Learning Guide
Economic Productivity Classification
easy

What is labor productivity primarily concerned with in economic terms?

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Choose the Best Answer

A

The output produced per unit of labor input

B

The total number of laborers employed in a sector

C

The overall economic growth of a country

D

The average income of workers in a specific industry

Understanding the Answer

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Answer

Labor productivity measures how much output, like goods or services, is produced by each worker in a specific time period. It is important because higher productivity means that workers can create more value in the same amount of time, which can lead to better wages and economic growth. For example, if a factory produces 100 toys in an hour with 10 workers, the labor productivity is 10 toys per worker per hour. When productivity increases, it often means that workers have better tools or technology, allowing them to work more efficiently. Therefore, labor productivity is a key factor in understanding how effectively an economy uses its workforce to generate wealth.

Detailed Explanation

Labor productivity measures how much work is done by each worker. Other options are incorrect because This option focuses on the number of workers, not their output; Overall economic growth is about the whole economy, not just how much each worker produces.

Key Concepts

labor productivity
Topic

Economic Productivity Classification

Difficulty

easy level question

Cognitive Level

understand

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