The most common measure of productivity is , which can be measured as real GDP divided by .
A)labour productivity; the number of units of work effort
B)indexed productivity; per capita output
C)capital productivity; the number of units of capital employed in the economy
D)potential productivity; the total number of factors that would be employed in the economy at full employment.
E)factor productivity; the total number of factors employed in the economy

Question

Quizplus · Accepted Answer

Labour productivity, which is measured as real GDP divided by the number of units of work effort, is the most common measure of productivity. This is because it provides a good indication of how efficiently labour is being utilized in the production process.

The Most Common Measure of Productivity Is , Which Can