What Does Productivity Measure

question 50

Multiple Choice

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

Articulate the dynamics of income mobility within the socioeconomic framework.

Critically assess the impacts of public policy on economic efficiency and incentives.

Understand the factors contributing to income inequality.

Knowledge of how taxes and government transfers influence income distribution.