Labor productivity is the measure of an economy's hourly output of goods and services. A decrease in the productivity of capital, but not labor. Labor productivity is a term for the output of labor per hour. Which of the following will not increase a nation’s real GDP? Which of the following events would lead to an increase in the marginal product of labor for every quantity of labor? A. Labor productivity is the value that each employed person creates per unit of his or her input. capital investment. The increase in the physical capital available to Joe, that is, a second tool, allowed this increase in Joe's labor productivity. For example, suppose the real GDP of an economy is $10 trillion and the aggregate hours of labor in the country is 300 billion. Answer the stock of real capital and inputs of labor increase proportionately the increase in the stock of real capital exceeds the increase in inputs of labor the increase in inputs of labor exceeds the increase in the stock of real capital inputs of labor increase … Increases in labor productivity from improved technology a) increase the long run supply of labor b) reduce the demand for labor c) reduce real wages d) induce firms to substitute capital for labor e) have no long run effect on Which of the following will most likely occur as a result of an increase in labor productivity in an economy? Additional capital makes its best contribution to economic growth by Replacing labor. 34. Which of the following shifts the production possibilities frontier outward? A decrease in the price level. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC 40P where P represents a reduction of one unit of pollution in the mines. A) an increase in the aggregate hours of work B) decreases in the availability of computers and factory buildings C) inventions of new machinery, equipment, or software D) a decline in the health of the population Answer: C 12) The total amount of physical capital available in a country is know as the country's A) labor productivity. D) shift the government spending. 【单选题】Suppose the money wage rate and the price level both fall by 5 percent. Human capital investment. The easiest way to comprehend labor productivity is to imagine a Canadian worker who can make 10 loaves of bread in an hour versus a Get your answers by asking now. Labor productivity is the value that each employed person creates per unit of his or her input. As a result, 20%. For every hour of work Joe puts in, he can produce 100% more output due to an increase in the physical An increase in the productivity of labor and capital. The easiest way to comprehend labor productivity is to imagine a Canadian worker who can make 10 loaves of bread in an hour versus a Which one of the following actions is LEAST likely to increase labor productivity by an amount that is large enough to result in lower labor costs per pair produced at a particular plant? 40%. Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves per shift. E. will reduce productivity, D. might reduce it too, but definitely will not increase it. 0 35. An increase in the productivity of labor but not capital. The following are illustrative examples of labor productivity 10. An increase in the amount of capital per worker will _____ A) increase labor productivity but not capital productivity. Labor Productivity and Economic Growth Sustained long-term economic growth comes from increases in worker productivity, which essentially means how well we do things. If labor productivity increases, a. the supply of labor will increase. Other things equal, in which of the following instances would the increase in labor productivity be the greatest? An increase in the quality of capital. Hire labor only if capital is unavailable. Labor productivity is the value of goods produced in an hour of work. It can be calculated for a nation, industry, firm, team or individual using the productivity formula. The acquisition of more education and training by the labor force. 50%. Increase the demand for the C. An increase in the money supply. Such everyday examples can help to illustrate Japan’s relatively low productivity levels compared to countries at similar levels of economic development. A.education B.technology C.new capital D.growth in output Answer Key: D Question 20 of 56 1.0 Points Which of the following is most important in increasing the rate of economic growth? An increase in labor productivity. B. If the production is increased to 2000 per shift, labor productivity will increase by; 10%. A) a decline in the capital stock per hour worked B) an increase in technology C) a decrease in the number of people attending institutions of higher education D) a decline in the amount of human capital per worker Correct Answer(s): B Points Earned: 2.0/2. Technological advance. Management training. Sometimes, an organisation may feel that it needs to increase labor productivity and there are a number of things that can be done, such as the following: Match the Right People to Jobs: An effective manager and/or leader is one that know each workers skills and abilities. Decrease the numbers of workers in the field. 【单选题】In the labor market, an increase in labor productivity _____ the real wage rate and _____ the level of employment. an increase in population. Moretti Enrico, in Handbook of Labor Economics, 20113.1.3 Incidence: who benefits from the productivity increase? Which of the following will not increase labor's productivity? Productivity A. New technology that increases productivity allows labor to produce more output per unit of time which means more output can be produced overall if all labor is being used. B) increase capital productivity but not labor productivity. 2. C. An increase in the size of the labor force D. The Appalachian Coal Mining believes that it can increase labor productivity and, there-fore, net revenue by reducing air pollution in its mines. A)An increase in the real wage B)A decrease in the real wage C)A favorable supply shock such as a fall in the price of oil D)An adverse supply shock,such as … rev: 05_30_2018 Multiple Choice labor productivity average price level technological progress - 17244189 Labor Productivity Definition Labor productivity is a concept used to measure the efficiency of the worker and is calculated as the value of output produced by a worker per unit of time, such as an hour. 11) Which of the following increases labor productivity? b. the supply of labor will decrease. C) increase both labor and capital productivity. An increase in the number of participants in the labor force. An increase in which of the following would cause an increase in aggregate supply? Which of the following would not be expected to increase labor productivity! labor productivity. Ask Question + 100 Join Yahoo Answers and get 100 points today. 25%. Which of the following will not result in a rightward shift of the market supply curve for labor? a new oil discovery. Which of the following will result in an increase in labor productivity? A. a decrease in non-wage income B. an increase in the working-age population C. an increase in labor productivity D. an increase in 7. (A) Labor productivity (B) The wage rate (C) Prices of imports (D) Consumer spending (E) Interest rates 7. … In this setting, the benefit of the increase in productivity Δ is split between workers and landowners. Get an answer for 'List the factors that can increase labor productivity and give an example for each one using the production of computer games as an … QUESTION 19 Which of the following are possible methods that unions use in order to increase union salaries? 25 Eqs (10)-(13) clarify that the incidence of the shock depends on which of the two factors—labor or land—is supplied more elastically at the local level. 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