________ Is an Example of a Total Factor Productivity Measure

question 127

Multiple Choice

________ is an example of a total factor productivity measure.

• A) The number of units produced per month
• B) The number of units produced per machine hour
• C) The number of units produced per labor hour
• D) The number of units produced per dollar of input cost

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Definitions:

Discouraged Workers

Individuals not currently looking for work because they believe no jobs are available for them.

Adult Population

Individuals within a specified area or country who are above the age at which one legally becomes an adult, often considered for labor force and demographic analyses.

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.

Unemployment Rate Decrease

A reduction in the percentage of the labor force that is unemployed and actively seeking employment.