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 these answers are correct.

Question

Quizplus · Accepted Answer

Total factor productivity is not measured by the quantity of any specific input like computers, factories, machines, or kilowatt hours. It is a measure of the efficiency with which all inputs are used in the production process.

As a Measure for Total Factor Productivity, We Can Use