If 12 Swiss farmers generate CHF 600,000 in real GDP, the output per worker would beSingle choice
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Which of the following interpretation to information presented in the figure below- ‘Labour Productivity measured by average annual working hours and GDP per capita’ is the most accurate one?
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A pizzeria produces 3,000 pizzas during its first week of operation using 10 drums of marinara sauce, 150 hours of labor, and 50 therms of energy. Pizzas sell for $15 each, and workers are paid $18 per hour. The marinara sauce costs $200 per drum, and the energy cost is $7 per therm. During its second week of operation, it produces 2,900 pizzas using only 140 hours of labor. All costs and prices are constant from the first to second week. What has been the change in their labor productivity?
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