Multiple Choice
Which of the following is the correct mathematical expression to calculate total factor productivity?
A) Sales value of output produced ÷ Quantity of all inputs used
B) Quantity of output produced ÷ Quantity of the input used
C) Quantity of output produced ÷ Costs of all inputs used
D) Sales value of output produced ÷ Cost of inputs required to produce current year production in previous year
Correct Answer:
Verified
Correct Answer:
Verified
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