As a measure for total factor productivity,we can use the quantity of __________ in an economy.
A)computers
B)factories
C)machines
D)kilowatt hours used
E)none of the above

Question

Quizplus · Accepted Answer

None of the options listed (computers, factories, machines, or kilowatt hours used) are appropriate measures of total factor productivity. Total factor productivity measures the efficiency with which all inputs are utilized to produce outputs, not just a single input like those listed. Therefore, none of the options presented are the best choice for measuring total factor productivity.

As a Measure for Total Factor Productivity,we Can Use the Quantity