One of the following does mean “Total Factor Productivity”
A. The ratio of net output to the labour and capital inputs
B. (Total Output)/(Total Input)
C. Net inputs/(Labour inputs + Capital inputs)
D. Indicates how much of a particular kind of input it takes to produce an output
Answer:A
One of the following does mean “Total Factor Productivity”
A. The ratio of net output to the labour and capital inputs B. (Total Output)/(Total Input) C. Net inputs/(Labour inputs + Capital inputs) D. Indicates how much of a particular kind of input it takes to produce an output