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definition of labor productivity
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Asked 9/26/2013 7:14:28 AM
Updated 2/26/2015 10:57:27 PM
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User: definition of labor productivity

User: Luxembourg $33,609 United States $33,586 Switzerland $27,126 Japan $23,311 Iceland $23,230 The numbers in this table were calculated by a. adding the dollar value of all final goods and services produced in the nation. b. subtracting net exports from GDP. c. multiplying GDP by total population. d. dividing GDP by total population.

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Asked 9/26/2013 7:14:28 AM
Updated 2/26/2015 10:57:27 PM
1 Answer/Comment
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Labor productivity is the value of goods and services produced in a period of time, divided by the hours of labor used to produce them.
Added 2/26/2015 10:57:27 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [2/26/2015 10:58:32 PM]
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Define capital
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Updated 2/28/2016 11:12:30 PM
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Capital is: cash or goods used to generate income either by investing in a business or a different income property.

Added 2/28/2016 11:12:30 PM
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