Labour productivity is measured as: MCQ with Answer and Explanation

Question

Share Report Error

Labour productivity is measured as:

A. capital divided by labour

B. total population divided by labour force

C. wages divided by profit

D. output per unit of labour input

Answer: Option D

Solution (By JKSSB Mock Tests)

Labour productivity is output per unit of labour input.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Green GDP is an indicator that adjusts GDP for:

A. environmental degradation and natural resource depletion

B. population growth

C. foreign debt

D. inflation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Green GDP adjusts conventional GDP for environmental degradation and natural resource depletion.

This question belongs to: Economy GK Economy Set 1

Question #2

The least-cost combination of inputs for a producer occurs where:

A. marginal cost is zero

B. total product is maximum

C. the isoquant is tangent to the isocost line

D. the isoquant intersects the isocost line at any point

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Producer equilibrium for least cost is achieved at the tangency of an isoquant and isocost line.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Fourth Five Year Plan' period was:

A. 1961-1966

B. 1969-1974

C. 1966-1971

D. 1974-1979

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Fourth Five Year Plan covered 1969-1974.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs