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 is correct.

Question

Quizplus · Accepted Answer

Total factor productivity measures the efficiency of all inputs in a production process, including labor, capital, and technology, rather than the quantity of a specific input like computers, factories, machines, or kilowatt hours used.

As a Measure for Total Factor Productivity, We Can Use