The amount of goods and services produced from each hour of a worker's time is called
A)total output.
B)productivity.
C)marginal product.
D)efficiency.

Question

Quizplus · Accepted Answer

Productivity is the measure of how efficiently inputs (such as labor) are converted into outputs (goods and services). It is calculated by dividing total output by the number of hours worked, making it a measure of the amount of goods and services produced from each hour of a worker's time. Thus, option B is the correct answer.

The Amount of Goods and Services Produced from Each Hour