What Is the Definition of Productivity

question 171

Multiple Choice

What is the definition of productivity?

• A) the amount of goods and services produced from each hour of a worker's time
• B) the amount of labour that can be saved by replacing workers with machines
• C) the actual amount of effort workers put into an hour of working time
• D) the estimated amount of effort workers put into an hour of working time

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Definitions:

Excess Returns

The return on an investment minus the return on a benchmark, indicating the performance of the investment relative to the market.

Historical Standard Deviation

A statistical measure that quantifies the variability or dispersion of a set of past data points.

Small Stocks

Shares of relatively small companies, which may offer higher growth potential but also come with higher risk.

Long-Term Bonds

Debt securities with a maturity period typically longer than 10 years, offering the holder a fixed or variable interest rate.