Economists collect and analyze data on output per worker and output per hour of work.What are they trying to measure by doing so?
A)the ratio of marginal products of factors
B)the principle of substitution
C)diminishing marginal returns
D)returns to scale
E)productivity

Question

Quizplus · Accepted Answer

Economists collect and analyze data on output per worker and output per hour of work to measure productivity, which is the efficiency with which goods and services are produced. This information helps economists understand the potential for economic growth and improve economic policies.

Economists Collect and Analyze Data on Output Per Worker and Output