Which factors explain labour productivity?
A)technological change; the quantity of labour per hour worked
B)diminishing returns; the quantity of labour per hour worked
C)diminishing returns; the quantity of capital per hour worked
D)technological change; the quantity of capital per hour worked
E)population; the unemployment rate; and minimum wages

Question

Quizplus · Accepted Answer

Labour productivity is influenced by technological advancements, which can increase the efficiency of both labour and capital. Additionally, the quantity of capital per hour worked affects productivity, as more or better-quality capital (machines, tools, software) can enable workers to produce more or higher-quality output in the same amount of time.

Which Factors Explain Labour Productivity