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Earn +20 ptsQ: What are total productivity measures?
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Productivity measures such as output per worker-hour and wage rates adjusted for inflation in the US are?
Productivity measures (such as output per worker-hour) and wage rates adjusted for inflation in the United States are:
What do you mean when you say productivity is a relative measure?
single factor productivity and total factor productivity
Can labor productivity decline as total output is rising?
NO. The labor productivity will rise together with total output. Vice versa
An increase in productivity means that the same amount of labor input is now able to produce more goods and services?
Productivity measures that use one or more inputs or factors, but not all factors.
How to measure productivity?
total output / units of labour or capital
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