Productivity Is Usually Measured by the

question 124

Multiple Choice

Productivity is usually measured by the

• A) quality of real GDP per hour of labour.
• B) quantity of real GDP per hour of labour.
• C) potential GDP per person.
• D) capital to labour ratio.
• E) labour force participation rate.

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Definitions:

Street Cleanings

The process of removing dirt, litter, and other debris from roads and public places to maintain cleanliness and safety.

Increases

A situation or condition where there is a rise in a numerical value or quantity.

Efficient Quantities

The levels of production or consumption that optimize the use of resources and maximize value creation or utility.

Public Goods

Goods or services that are available for everyone to consume, irrespective of who pays for them, characterized by their non-excludability and non-rivalry.