Which of the following is a partial measure of productivity?Group of answer choicesOutput/LaborInputs/OutputOutput/(Labor + Capital + Energy)Output/(Labor+Materials)Output/Inputs
Question
Which of the following is a partial measure of productivity?Group of answer choicesOutput/LaborInputs/OutputOutput/(Labor + Capital + Energy)Output/(Labor+Materials)Output/Inputs
Solution
Output/Labor
Explanation:
A partial measure of productivity is calculated by dividing output by one type of input. In this case, "Output/Labor" is a partial measure of productivity because it only considers labor as the input. This measure is often used to assess labor productivity specifically, but it does not take into account other inputs such as capital, energy, or materials. Therefore, it provides a partial, not a complete, picture of productivity.
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