Labor productivity depends on:

A) the effectiveness of government.
B) the amount of capital available in an economy.
C) the proportion of the labor force that is unionized.
D) the size of an economy.
E) the size of the labor force in an economy.

Capital Available

The amount of financial resources a company or individual has available for investment or spending purposes.

Unionized Labor Force

A workforce that is organized into trade unions, which collectively negotiate wages, work hours, and working conditions.

Labor Productivity

Labor productivity measures the output of goods and services produced per unit of labor input, indicating the efficiency of labor use in the production process.