Which of the following is true about labor productivity?
A)it is the amount of total factor productivity (TFP)per unit of labor
B)it is more difficult to measure than TFP
C)it is a more general and better measure of productivity than TFP
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Labor productivity is typically defined as the output per unit of labor input, not as described in any of the given options. Total factor productivity (TFP) is a separate concept that measures the efficiency of all inputs to a production process, not just labor.

Which of the Following Is True About Labor Productivity