Productivity is defined as:
A)the ratio of a specific measure of output to a specific measure of input.
B)the production of worthwhile goods and services.
C)the market value of goods,services,and resources produced per time period (e.g.,per year).
D)average input divided by average output.
E)total input divided by average output.

Question

Quizplus · Accepted Answer

Productivity is typically defined as the ratio of a specific measure of output (such as the number of units produced) to a specific measure of input (such as the number of hours worked or amount of resources used). Option A best captures this definition. Option B is describing the concept of creating valuable goods/services, which is related to but distinct from productivity. Option C is describing GDP, which is also related but not quite the same as productivity. Options D and E are not accurate descriptions of productivity.

Productivity Is Defined As