Initially 10 workers produce 100 units of output in an economy.The next year,20 workers produce 250 units of output in the same economy.Productivity in the economy has

Question

Quizplus · Accepted Answer

Productivity in the first year is 100 units / 10 workers = 10 units per worker. In the second year, it's 250 units / 20 workers = 12.5 units per worker. Thus, productivity has increased.

Initially 10 Workers Produce 100 Units of Output in an Economy.The