What does productivity measure?
A) The total value of all goods and services produced by a national economy
B) How much a system produces with the resources needed to produce it
C) How much output is necessary to produce a certain level of demand
D) The standard of living relative to purchasing power parity
E) How much gross national product results from inputs of labor

Question

Quizplus · Accepted Answer

Productivity measures how efficiently resources are used in producing goods and services. It measures the amount of output that is produced per unit of input, whether it be labor hours, capital investments, or materials used. Choice B is the most accurate definition of productivity.

What Does Productivity Measure