What Does Productivity Measure

question 103

Multiple Choice

What does productivity measure?

• A) the total value of all goods and services produced by a national economy
• B) how much a system produces with the resources needed to produce it
• C) how much output is necessary to produce a certain level of demand
• D) the standard of living relative to purchasing power parity
• E) how much gross national product results from inputs of labor

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Definitions:

Not to Be Rescheduled

An event or activity that has been decided upon not to change its planned time or date.

Segment

A division within a larger entity, often used to describe a part of a market or population group with similar characteristics or needs.

Enterprise Resource Planning

Integrated management software systems that automate and streamline business processes across finance, HR, procurement, distribution, and other departments.

Business Processes

Business processes are sets of tasks and activities that are performed by individuals or equipment to achieve organizational goals.