At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.
What is rate pf productivity?
In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).
Labour productivity is calculated by the formula-
the labour productivity equation: total output / total input.
The residual of any discrepancy between the rate of output growth and the rate of input growth is used to calculate productivity growth.
To know more about the gross domestic product (GDP), here
https://brainly.com/question/1383956
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
