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CFA Level 2
Economics

Impact of Training on Labor Productivity

Easy Economic Growth And Development Productivity

In the context of economic growth and productivity, various factors contribute to an economy's ability to produce goods and services efficiently. One important metric used to assess productivity is labor productivity.

Labor productivity is defined as the output produced per unit of labor and is often influenced by technological advancements, human capital, and capital investments. Understanding the implications of labor productivity is crucial for evaluating economic performance over time.

Which of the following statements accurately describes a factor that directly enhances labor productivity?

Hint

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