Which of the Following Is True About Total Factor Productivity

question 25

Multiple Choice

Which of the following is true about total factor productivity (TFP) ?

• A)it tells us how productive capital and labor are
• B)it is a more general and better measure of productivity than labor productivity
• C)it is not directly measurable
• D)all of the above
• E)none of the above

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Definitions:

Organizing Tactic

Strategies or methods employed to arrange or structure information, groups, or physical spaces effectively.

Working Memory

A cognitive system responsible for the temporary holding and processing of information needed for complex cognitive tasks like learning, reasoning, and comprehension.

Sensory Memory

The shortest-term element of memory which acts as a buffer for stimuli received through the senses.

Memory Skill

The ability to encode, store, and retrieve information effectively from one's mind.