Which of the Following Is the Correct Mathematical Expression to Calculate

question 158

Multiple Choice

Which of the following is the correct mathematical expression to calculate a benchmark total factor productivity?

• A) Quantity of output produced in current year ÷ Costs of inputs at current year prices that would have been used in previous year to produce current year output
• B) Quantity of output produced in previous year ÷ Costs of inputs at current year prices that would have been used in previous year to produce current year output
• C) Quantity of output produced in current year ÷ Costs of inputs at previous year prices that would have been used in previous year to produce current year output
• D) Quantity of output produced in previous year ÷ Costs of inputs at previous year prices that would have been used in previous year to produce current year output

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Definitions:

American Rule

A legal principle that each party in a lawsuit pays its own attorney's fees, unlike the "English Rule" where the losing party pays.

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An island and unincorporated territory of the United States located in the northeastern Caribbean Sea, known for its rich culture and history.

Cuba

An island nation in the Caribbean known for its significant role in Cold War politics, rich cultural heritage, and complex history with the United States.

Philippines

An archipelagic country in Southeast Asia, consisting of more than 7,000 islands, known for its diverse culture and history as a former Spanish then American colony.