The quantity of goods and services that can be produced by one worker or by one hour of work is known as
A) per-capita GDP.
B) labour productivity.
C) real domestic output.
D) the labour force participation rate.

Question

Quizplus · Accepted Answer

Labour productivity measures the output per unit of labour input, such as goods and services produced per worker or per hour worked. Per-capita GDP measures the total output of goods and services per person in a country. Real domestic output measures the total value of goods and services produced in a country adjusted for inflation. The labour force participation rate measures the percentage of the working-age population that is either employed or actively seeking employment.

The Quantity of Goods and Services That Can Be Produced