Productivity equals
A) labor, capital, energy, and materials, divided by goods and services produced.
B) goods and services produced, divided by labor, capital, energy, and materials.
C) labor, energy, and capital, divided by goods, services, and materials.
D) goods and services and energy and materials, divided by labor and capital produced.
E) energy and materials, divided by labor and capital.

Question

Quizplus · Accepted Answer

Productivity is defined by the formula of outputs divided by inputs for a specified period of time. Outputs are all the goods and services produced. Inputs are not only labor but also capital, materials, and energy.

Productivity Equals