Read the news clip, then answer the following questions. The article defines pro
ID: 1163630 • Letter: R
Question
Read the news clip, then answer the following questions. The article defines productivity as Real GDP per person is OA. GDP divided by the number of people employed; O B. U.S. Workers World's Most Productive Americans work longer hours than those in most other rich nations. Americans also produce more per person during the year, but only part of the U.S. productivity growth can be explained by the longer hours Americans work. Americans also create more wealth per hour of work. U.S. employees worked an average of 1,804 hours in 2006, compared to 1,564.4 for the French, but far less than the 2,200 hours that Asians worked. But the Asian countries the average labor productivity is lower. real GDP divided by the population real GDP divided by the population, GDP divided by the number of people employed Source: CBS News, September 3, 2007 C. real GDP divided by the population the quantity of real GDP produced by an hour of labor D. the quantity of real GDP produced by an hour of labor real GDP divided by the populationExplanation / Answer
As per the the article,
Productivity can be defined as GDP divided by the number of people employed. In other words, productivity indicate per employed person output produced.
Real GDP per person refers to the real GDP divided by the population.
Hence, the correct answer is the option (A).
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.