Which of the Following Is a Multifactor Measure of Productivity

question 32

Multiple Choice

Which of the following is a multifactor measure of productivity?

• A)Output/(Materials)
• B)Output/(Labor + Capital + Energy)
• C)Output/All resources used
• D)Output/Inputs
• E)All of the above

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Definitions:

Prosperity

A state of economic well-being and successful, flourishing conditions, often associated with wealth.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a nation's gross domestic product.

Balance of Trade Deficit

Occurs when a country's imports exceed its exports during a given time period, indicating that it is spending more on foreign trade than it is earning.

Net Exports

The value of a country's total exports minus its total imports. It is a measure used to calculate a country's aggregate expenditures.