Question

if labor productivity growth slows down in a country, this means that the growth rate in ________ has declined.
o a. labor force participation
o b. the working - age population
o c. nominal gdp
o d. the quantity of goods or services that can be produced by one hour of work

Explanation:

Labor productivity is defined as the quantity of goods or services produced per hour of work. If labor productivity growth slows, it directly relates to a decline in the growth rate of this quantity. Labor force participation (A) is about the proportion of the working - age population in the labor force. The working - age population (B) is a demographic measure. Nominal GDP (C) is affected by price changes and overall economic activity beyond just labor productivity per hour.

Answer:

D. the quantity of goods or services that can be produced by one hour of work