_____ is the relationship between the goods and services produced in a nation each year and the inputs necessary to produce them.

Question

Quizplus · Accepted Answer

Productivity refers to the efficiency of production in a nation, i.e., how much output is produced using a certain amount of input. It is often measured as the ratio of output per unit of input, such as labor or capital. Productivity is a key determinant of a nation's economic growth and standard of living.

_____ Is the Relationship Between the Goods and Services Produced