Productivity is defined as the
A)amount of goods and services produced from each hour of a worker's time.
B)number of workers required to produce a given amount of goods and services.
C)amount of labor which can be saved by replacing workers with machines.
D)actual amount of effort workers put into an hour of working time.

Question

Quizplus · Accepted Answer

Productivity is a measure of how efficient a worker or a company is, and it is defined as the amount of goods and services that are produced per unit of time or per hour of a worker's time. Therefore, choice A is the correct answer as it accurately defines productivity as the amount of output per unit of input, which is a common measure of labor productivity. Choices B, C, and D are incorrect because they don't fully capture the relationship between input and output, which is essential in measuring productivity.

Productivity Is Defined as the