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Which of the following could be used to measure the efficiency of labour?


Question

Which of the following could be used to measure the efficiency of labour?

Options

A)
rate of inflation
B)
input-output ratio
C)
buying more machines
D)
unemployment rate

The correct answer is B.

Explanation:

Efficiency of labour is the output per man per unit of time
the combination of inputs in order to produce a required level of output

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