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