Asked by Alexis Henderson on May 08, 2024
Verified
If Q is total real output,K is capital in use,L is labor employed,an increase in the productivity of labor would imply a(n) :
A) increase in K/L.
B) increase in L/K.
C) increase in Q/L.
D) decrease in Q/K.
E) decrease in (Q + K) /L.
Productivity Of Labor
The measure of the output produced per unit of labor; an increase in labor productivity typically means more output is produced with the same amount of labor.
Total Real Output
The total value of all goods and services produced within a country adjusted for inflation or deflation.
- Analyze factors influencing labor and capital productivity.
Verified Answer
SP
Sashauna PatrickMay 09, 2024
Final Answer :
C
Explanation :
An increase in the productivity of labor means that more output can be produced with the same amount of labor. Therefore, Q/L will increase. This is because productivity is measured by output per unit of input (in this case, output per worker). The other choices do not accurately reflect the relationship between productivity and the variables given.
Learning Objectives
- Analyze factors influencing labor and capital productivity.