What refers to the value of the output that any given worker produces within one hour?
A)Human capital
B)Productivity
C)Income
D)Wage

Question

Quizplus · Accepted Answer

Productivity is the value of the output that any given worker produces within one hour.
Key Takeaway: Productivity is a hugely important factor in determining the price of any good or service. In general, wages in the western world have continued to rise because as workers have gained better capital (in the form of more efficient equipment, computers, etc.), they have become more productive, leading to better profits for businesses.

What Refers to the Value of the Output That Any