alleryStart learning →What does productivity measure?
AThe amount of goods and services one worker can produce
BThe total value of final goods a nation produces yearly
CThe share of the labor force that is looking for work
DThe money a firm has left after all its costs are paid
Answer & Solution
Correct answer: A. The amount of goods and services one worker can produce
1. Productivity is the amount of goods and services that one worker can produce.
2. New equipment and software that raise productivity and cut costs are among a company's most valuable assets.
3. The total value of final output in a year is gross domestic product.
4. The share of the labor force looking for work is the unemployment rate, and money left after costs is profit.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.2 Understanding the Business Environment_
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