Question
Productivity basically measures the ratio of total output to a weighted average of inputs.
Answer: Option A
:
A
True.Productivity measures the ratio of total output to a weighted average of inputs.Economists typically look at two measures of productivity: labor productivity, which calculates the amount of output per unit of labor, and total factor productivity, which measures output per unit of total inputs (typically of capital and labor).
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:
A
True.Productivity measures the ratio of total output to a weighted average of inputs.Economists typically look at two measures of productivity: labor productivity, which calculates the amount of output per unit of labor, and total factor productivity, which measures output per unit of total inputs (typically of capital and labor).
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