Aggregate productivity is defined as total output divided by:
A)total input.
B)sales price.
C)total stock on hand.
D)conversion cost.
E)product cost.

Question

Quizplus · Accepted Answer

Aggregate productivity is a measure of efficiency that takes into account all inputs used in production. Therefore, it is calculated by dividing total output by total input, making option A the correct answer. Options B, C, D, and E are not relevant to the definition of aggregate productivity.

Aggregate Productivity Is Defined as Total Output Divided By