Question

The ratio of all resources to the goods and services produced is referred as A. multifactor productivity. B. productivity growth. C. ​single-factor productivity. D. labor productivity.

Answer 1

(a) Multi factor productivity

Step-by-step explanation:

• Multi factor productivity is the ratio of all resources and service produced,
• It is denoted by MFP
• Multi factor productivity gives the information about the economic performance
• It compares the output and the the input and based on this comparison it gives information about economic performance
• The input is the combination of cost of labor, capital, energy material.