ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Labor productivity is the value that each employed person creates per unit of his or her input. The easiest way to comprehend labor productivity is to imagine a Canadian worker who can make 10 loaves of bread in an hour versus a U.S. worker who in the same hour can make only two loaves of bread.

Detailed explanation-2: -Labor productivity is the output that each employed person creates per unit of his or her time.

Detailed explanation-3: -To measure labor productivity we prefer to compare the number of hours worked to the output produced during that time. Some countries, including the United States, collect data on hours worked, making it possible to measure output per hour worked.

Detailed explanation-4: -Labour productivity is defined as output produced per unit of labour input.

Detailed explanation-5: -Productivity, the value of what is produced per worker, or per hour worked, can be measured as the level of GDP per worker or GDP per hour.