Which of the following is NOT a source of increased factor productivity?
A)advances in knowledge
B)growth in the size of the labor force
C)more efficient resource allocation
D)improved methods of production
E)technological progress

Question

Quizplus · Accepted Answer

Growth in the size of the labor force may increase output, but it does not necessarily increase factor productivity. Factor productivity measures the efficiency and output of each unit of input (e.g. labor, capital, resources). The other options (advances in knowledge, more efficient resource allocation, improved methods of production, and technological progress) are all sources of increased factor productivity, as they improve the efficiency and output of input units.

Which of the Following Is NOT a Source of Increased