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What is The amount of goods and services produced from each unit of labor input called?
Wiki User
∙ 12y ago
Productivity
Wiki User
∙ 12y ago
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The amount of goods and services produced from each hour of a worker's time is called?
productivity
What is the amount of goods produced in a certain time?
the amount of goods produced at a certain time is called productivity
The amount of goods or services produced per input used?
productivity
Does the amount of goods and services produced set the pace for economic growth?
It is demand that sets the pace for economic growth. Without demand, all the produced goods and services would just sit around being bored. The amount of goods and services produced is a direct indication of demand if you want to look at it that way.
What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
The amount of goods and services produced from each hour of a worker's time is called?
productivity
What is the amount of goods produced in a certain time?
the amount of goods produced at a certain time is called productivity
The amount of goods or services produced per input used?
productivity
What is labor demand dependant upon?
the amount of goods and services produced
Does the amount of goods and services produced set the pace for economic growth?
It is demand that sets the pace for economic growth. Without demand, all the produced goods and services would just sit around being bored. The amount of goods and services produced is a direct indication of demand if you want to look at it that way.
What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
What do you call the amount of goods or services available to us?
The amount of available goods or services is called supply.
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
