Productivity is most closely matched with a country's

Question

Quizplus · Accepted Answer

Productivity is a measure of how efficiently inputs (such as labor and capital) are used to produce outputs (such as goods and services). The level of real GDP divided by hours worked is a measure of labor productivity, which captures how much output is produced per unit of labor input. Therefore, option B is the most accurate measure of productivity. Option A only gives the total output of the country, but does not take account of the amount of labor needed to produce that output. Option C uses growth rates, which could be influenced by factors other than productivity, such as changes in technology or changes in the workforce. Option D divides GDP by population instead of hours worked, which does not measure productivity directly.

Productivity Is Most Closely Matched with a Country's