If we know that it takes, on average, one Canadian worker and one Canadian dollar to make 10 soccer balls in an 8 hour work day, we can measure Canada's
A) balance of trade.
B) GDP.
C) productivity.
D) GNP.
E) GNP and productivity.

Question

Quizplus · Accepted Answer

Productivity refers to the efficiency of a production process, and in this scenario, we can measure Canada's efficiency in producing soccer balls.

If We Know That It Takes, on Average, One Canadian