Which Statement Best Defines Productivity

question 123

Multiple Choice

Which statement best defines productivity?

• A) Productivity is the ability of a company to generate profit.
• B) Productivity is the quantity of goods and services that a nation can produce in a year.
• C) Productivity is the quantity of goods or services that a worker can produce in one hour.
• D) Productivity is the ability of a company to produce goods and services.

---

Definitions:

Personal Income Tax

Tax imposed on individuals based on their income, including wages, salaries, and investment income.

Trade Deficit

A condition in which a nation's expenditures on imported goods and services surpass its income from exports, leading to a trade deficit.

Trade Deficit

A situation that occurs when a country's imports of goods and services exceed its exports.

Merchandise Balance

The difference in value between a country's imports and exports of goods.