The quantity of goods and services that can be produced by one worker or by one

The quantity of goods and services that can be

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18) The quantity of goods and services that can be produced by one worker or by one hour of workis referred to asA) labor productivity.B) technology.C) human capital.D) real GDP.Answer: A18)Page Ref: 700/318Learning Outcome: Macro-1: Define macroeconomics and identify its basic concerns.19) Which of the following increases labor productivity?19)Page Ref: 700/318Learning Outcome: Macro-4: Explain the sources of productivity growth.20) The total amount of physical capital available in a country is know as the countryʹs20)Page Ref: 700/318Learning Outcome: Macro-4: Explain the sources of productivity growth.21) What two factors are the keys to determining labor productivity?21)Page Ref: 700-701/318-319Learning Outcome: Macro-4: Explain the sources of productivity growth.4
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22) If labor productivity growth slows down in a country, this willA) slow down the increase in real GDP per capita.B) accelerate the increase in real GDP per capita.C) accelerate the increase in nominal GDP.D) slow down the increase in nominal GDP.Answer: A22)Page Ref: 700-701/318-319Learning Outcome: Macro-4: Explain the sources of productivity growth.23) If labor productivity growth slows down in a country, this means that the growth rate in________ has declined.23)Page Ref: 700-701/318-319Learning Outcome: Macro-4: Explain the sources of productivity growth.Article SummaryAccording to the Office for National Statistics in the United Kingdom, productivity in the UK in 2014 was well belowthe average of the G7 countries, only faring better than Japan. The G7 is a group of the seven most industrializedcountries, and includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Compared
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