The Most Common Measure of Productivity Is ________,Which Can Be

question 2

Multiple Choice

The most common measure of productivity is ________,which can be measured as real GDP divided by ________.

• A)indexed productivity; per capita output
• B)factor productivity; the total number of factors employed in the economy
• C)capital productivity; the number of units of capital employed in the economy
• D)potential productivity; the total number of factors that would be employed in the economy at full employment
• E)labour productivity; the number of units of work effort

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Definitions:

Sample Variance

A measure of the dispersion or spread of a set of sample data points around their sample mean.

Flu Shots

Vaccinations that protect against influenza, recommending annually to safeguard against the evolving flu virus strains.

Sample Mean

The average of a set of numerical values, calculated by summing the values and then dividing by the number of observations.

Skewed

A description of data or a distribution that is not symmetrical, indicating that it leans towards one side, either to the right (positively skewed) or to the left (negatively skewed).