Productivity is defined as the quantity of
a. labor required to produce a nation's GDP.
b. labor required to produce one unit of goods and services.
c. goods and services produced from each unit of labor input.
d. goods and services produced per unit of time.
Ans: c. goods and services produced from each unit of labor input.
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Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false