Select the Correct Answer for Each Question

question 94

Multiple Choice

Select the correct Answer for each question.
-

---

Definitions:

Productivity

A measure of the efficiency of production, often calculated as the ratio of output to inputs used in the production process.

Goods and Services

The output produced by economic systems, where goods are physical items and services are intangible activities provided to consumers.

Human Capital

The capabilities, understanding, and expertise that an individual or group holds, considered in relation to their worth or expense to a company or nation.

Physical Capital

Assets used in the production process that are tangible in nature, such as machinery, buildings, and vehicles.