A measure of economic performance that compares the amount of goods and services produced (output) with the number of labor hours used in producing those goods and services is known as which of the following?
A)labor innovation
B)outsourcing
C)labor productivity
D)workplace automation

Question

Quizplus · Accepted Answer

Labor productivity measures how efficiently labor is used in producing goods and services. It is calculated by dividing the total output by the total number of labor hours. This measure helps to determine the overall efficiency and competitiveness of a country's economy.

A Measure of Economic Performance That Compares the Amount of Goods