Many economists refer to the average level of output per worker per hour as
A) productivity.
B) inflation.
C) the business cycle.
D) real GDP.
E) the trough.

Name: Many economists refer to the average level of output per worker per hour as A) productivity. B) inflation. C) the business cycle. D) real GDP. E) the trough.
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Question

Quizplus · Accepted Answer

Productivity is defined as the average level of output per worker per hour, measuring how efficiently labor is used in the production process.

Many Economists Refer to the Average Level of Output Per