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Homework answers / question archive / The average product of labor is A) positively related to economic growth
The average product of labor is
A) positively related to economic growth.
B) the output produced per worker.
C) the total product of labor divided by the number of workers.
D) a direct measure of the productivity of labor.
E) all of the above.
The correct option is (e) i.e. all of the above.
Average product of labor is the output per unit of labor employed. It is calculated by dividing total product by the number of labor. It is the measure of productivity of labor and, hence, it is positively related to the economic growth. It implies that higher the productivity, the higher the growth of the nation.
