The two key factors that cause labor productivity to increase over time are A. the quantity of capital per hour worked and the level of technology. B. better environmental standards and stricter labor laws. C. the decline in unionization and slacking of labor laws. D. the quantity of labor per hour worked and the level of technology.

Question

Damion Austin

Business

26 October, 09:22

The two key factors that cause labor productivity to increase over time are A. the quantity of capital per hour worked and the level of technology. B. better environmental standards and stricter labor laws. C. the decline in unionization and slacking of labor laws. D. the quantity of labor per hour worked and the level of technology.

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Answers (1)

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Joyce Conrad · Answer 1

The correct answer is option A.

Explanation:

Labor productivity refers to the hourly output of a country's economy.

It is also called workforce productivity. Labor productivity depends on human capital, physical capital and level of technology.

Labor productivity is measured by calculating the ratio of total output and total number of labor hours. It increases with improvement in technology, human capital and increase in physical capital.