Productivity is measured by ______.
A)the ratio of goods and services produced to inputs
B)the product of goods produced and inputs used
C)the ratio of inputs to goods and services produced
D)none of these

Question

Quizplus · Accepted Answer

Productivity is the ratio of goods and services produced to inputs, which means the output divided by the input. This measurement helps to determine the efficiency of production and is essential for businesses to evaluate their performance. B is incorrect as it multiplies goods produced and inputs used, which does not result in a productivity ratio. C presents the input to output ratio, which is not the standard measurement of productivity. Therefore, A is the best choice for productivity measurement.

Productivity Is Measured by ______