The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as

Question

Quizplus · Accepted Answer

Labour productivity is the quantity of goods and services that can be produced by one worker or by one hour of work. A measures the level of technology available, C refers to the total output of an economy, D refers to the skills and knowledge of workers, and E is not a commonly used term in economics.

The Quantity of Goods and Services That Can Be Produced