Productivity Growth Can Be Measured ________

question 4

Multiple Choice

Productivity growth can be measured ________.

• A)by dividing output by Kt0.3 Lt0.7
• B)by adding the contributions from capital growth and labor growth
• C)by subtracting the contributions from capital growth and labor growth from the growth of output
• D)by dividing the growth of output by the contributions from capital growth and labor growth

---

Definitions:

Prepaid Expense

An expense that has been paid in advance and recorded as an asset until it becomes an actual expense.

Accrued Revenue

Income earned but not yet received, representing goods or services provided to customers on credit.

Supplies Used

The total value or quantity of materials and supplies consumed during a production or operational period.

End-Of-Period Adjusting Entries

Entries recorded in journals at the close of an accounting cycle to refresh the balances of accounts prior to the compilation of financial statements.