Total factor productivity is
A)the quantity of output per worker.
B)the quantity of output per unit of capital.
C)the ratio of inputs divided by outputs.
D)the quantity of output per unit of input.
E)a measurement of the contribution of education to productivity.

Question

Quizplus · Accepted Answer

Total factor productivity is a measure of the amount of output produced per unit of input (such as labor and capital). It takes into account the efficiency of various resources used in production and can be used to assess the overall efficiency and productivity of a firm or economy.

Total Factor Productivity Is