One indicator of productivity is gross domestic product per person. The gross domestic product refers to the:
A)market value of all products produced in one year.
B)comparative measure of life expectancy and literacy.
C)index of human well-being.
D)total output of the economy.
E)personal consumption expenditures.

Question

Quizplus · Accepted Answer

Any consideration of where to locate production is based on the data on comparative productivity and unit labor costs. One indicator of productivity is gross domestic product (or total output of the economy)per person.

One Indicator of Productivity Is Gross Domestic Product Per Person