Technological Progress Is Measured by

question 46

Multiple Choice

Technological progress is measured by

• A)average labour productivity.
• B)marginal product of labour.
• C)total factor productivity.
• D)marginal product of capital.

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Definitions:

Prescription Medicine

drugs that legally require a medical prescription to be dispensed.

Comparative Bar Graph

Two bar graphs combined on one grid, to compare two different sets of comparable data.

Quarterly Revenues

The total income generated by a company during a three-month period from its business activities.

Circle Graph

A circular chart divided into sectors, each representing a proportion of the total; also known as a pie chart.