Productivity Is the Value of the Output Produced by a Unit

question 67

True/False

Productivity is the value of the output produced by a unit of labor or capital.

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Definitions:

Head

The uppermost part of the human body or the leading or directing part of an organization, state, etc.

Wages

Compensation or remuneration paid by an employer to an employee in exchange for work or services rendered.

19th Century

The period from January 1, 1801, through December 31, 1900, marked by industrial, cultural, and political changes worldwide.

Inflation

The economic condition characterized by an increase in prices and fall in the purchasing value of money.