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Whenever average output produced per worker during a specific time period decreases, then

Whenever average output produced per worker during a specific time period decreases, then

Whenever average output produced per worker during a specific time period decreases, then

A) leisure time decreases.

B) nominal gdp increases.

C) labour productivity decreases.

D) the standard of living goes up.

 

42) The majority of evidence points to the fact that, in the last decade in Canada, labour productivity has

A) decreased.

B) increased.

C) stayed the same.

D) decreased in the manufacturing sector but increased in the service sector.

43) Labour productivity is

A) the average amount produced times the number of workers.

B) the average amount produced times the number of people in the labour force.

C) the average amount produced per worker.

D) the rate of change in the total amount produced per worker.

 

44) The average amount produced per worker is commonly referred to as 

A) inflationary

B) the value added.

C) labour productivity .

D) the real interest rate.

 

45) The most important thing about higher labour productivity is that it means

A) we are doing better than anyone else.

B) we can compete well with other nations.

C) we can achieve a happier population.

D) we can have a higher standard of living.

 

46) Productivity relates to

A) working harder over time.

B) working longer over time.

C) producing the same output with fewer labour hours.

D) producing the same output with more labour hours.

47) If we produce the same output with fewer labour hours then

A) we are working harder over time.

B) working longer over time.

C) productivity in increasing.

D) productivity in decreasing.

48) Productivity is ________ if we produce the same output with fewer labour hours.

A) increasing

B) not changing

C) decreasing

D) proportional

 

49) Productivity is ________ if we produce more output with the same labour hours.

A) increasing

B) not changing

C) decreasing

D) proportional

 

50) Productivity is ________ if we produce the same output with more labour hours.

A) increasing

B) not changing

C) decreasing

D) proportional

Abhinav 07-Dec-2019

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