Total Factor Productivity May Be Measured By

question 83

Multiple Choice

Total factor productivity may be measured by:

• A) subtracting the rate of growth of capital input and the rate of growth of labor input from the rate of growth of output.
• B) subtracting the rate of growth of capital input, multiplied by capital's share of output, plus the rate of growth of labor input, multiplied by labor's share of output, from the rate of growth of output.
• C) adding the rate of growth of capital input to the rate of growth of labor input.
• D) adding the rate of growth of capital input, multiplied by capital's share of output, to the rate of growth of labor input, multiplied by labor's share of output.

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Definitions:

Groups

Collections of individuals who come together to achieve a common purpose or share a common interest.

Teams

Groups of individuals working together to achieve a common goal, characterized by collaborative efforts and shared responsibilities.

Performance Measures

Metrics or standards used to assess, track, and compare the efficiency, productivity, and success of individuals or organizations.

Unity

The state of being united or joined as a whole, especially among members of a group or team, resulting in a sense of solidarity and shared purpose.