Which Factor Does Productivity Measure Within An Economy? Productivity, in economics, measures output per unit of input, such as labor, capital, or any other resource. It is often calculated for the economy as a ratio of gross domestic product (GDP) to hours worked. How is productivity measured in economics? Productivity is measured by comparing the
How Do You Solve Labor Productivity? You can measure employee productivity with the labor productivity equation: total output / total input. Let’s say your company generated $80,000 worth of goods or services (output) utilizing 1,500 labor hours (input). To calculate your company’s labor productivity, you would divide 80,000 by 1,500, which equals 53. How do
What Is The Employee Productivity Ratio? The labor productivity ratio is a metric expressing the number of work units produced per time worked. productivity ratios essentially quantify output/input, with input being time worked and output being work units. … If the worker produces 1000 widgets in a week, the productivity ratio might be 1000/40. How