The average amount of goods and services produced from each hour of a worker's time is called

Question

Quizplus · Accepted Answer

Productivity is the measure of the amount of output produced per unit of input. In the case of labor productivity, it is the average amount of goods or services produced by each worker per hour of work. GDP (A) is a measure of the total output of an economy, while per capita GDP (B) is the GDP divided by the total population of a country. Technological knowledge (D) refers to the understanding and application of technology, which can lead to increases in productivity.

The Average Amount of Goods and Services Produced from Each