A Common Measure of a Country's Level of Productivity Is

question 39

Multiple Choice

A common measure of a country's level of productivity is

• A)the average efficiency of capital.
• B)the capital-output ratio.
• C)output per capita.
• D)output per unit of labour input.
• E)per capita GDP.

---

Definitions:

Catalog List Price

The advertised price of goods or services in a catalog before any discounts, rebates, or special offers are applied.

Sales Tax

A tax imposed by a government on the sale of goods and services, typically calculated as a percentage of the selling price.

List Price

The manufacturer's suggested retail price (MSRP) of a product before any discounts, allowances, or rebates are applied.

Perpetual Inventory Records

A system of inventory management where updates are made continuously to reflect sales and purchases, ensuring real-time accuracy in inventory counts.