What is the definition of productivity?
A) the ratio of a specific measure of output to a specific measure of input
B) the production of worthwhile goods and services
C) the market value of goods, services, and resources produced per time period
D) the average input divided by average output

Question

What is the definition of productivity?  
A) the ratio of a specific measure of output to a specific measure of input 
B) the production of worthwhile goods and services 
C) the market value of goods, services, and resources produced per time period 
D) the average input divided by average output

Quizplus · Accepted Answer

Productivity refers to the ratio of a specific measure of output to a specific measure of input. It is basically a measure of efficiency in producing goods or services.

What Is the Definition of Productivity