Which of the following definitely means productivity has increased?
a. More output from more workers.
b. Less output from fewer workers.
c. Less output from more workers.
d. More output from fewer workers.
Productivity is a measure how how much output is being produced per person. An increase in productivity means that an average worker is able to produce more than they previously were.
Answer and Explanation: 1
Which of the following definitely means productivity has increased? (d) More output from fewer workers. If productivity was unchanged or declined,...
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fromChapter 17 / Lesson 16
Learn about labor productivity. Understand how to calculate labor productivity, examine the labor productivity formulas, and see how to improve labor productivity.