Question

Worker productivity is one of the most important factors that help determine the performance of an economy.

Which definition best describes productivity?
a. production per worker
b. percentage change in output
c. total output in one year
d. total number of hours worked
e. capital per worker

Answer 1

Answer:

a. production per worker

Explanation:

Productivity can be defined as production per worker, or production per hour worked. Sometimes, when the number of workers is not available, total population is used instead of the number of workers. Therefore, productivity can also be defined as per capita GDP.

Productivity can be defined as production per worker, or production per hour worked. In other words, total production relative to the number of workers or relative to total population. Productivity can also be defined as GDP per capita.

Answer 2

The correct option for the definition that best describes productivity is A. production per worker.

What definition best describes productivity?

Productiveness is typically defined as a ratio between the output extent and the extent of inputs. In other words, it measures how efficiently manufacturing inputs, which include labor and capital, are being utilized in an economic system to supply a given degree of output.

Conclusion: Productivity increases have enabled the U.S. business sector to produce nine times more goods and services since 1947 with a relatively small increase in hours worked. With the growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work.

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