Last quarter, 25 workers at the Pedal to the Metal factory manufacture

QUESTION

Last quarter, 25 workers at the Pedal to the Metal factory manufactured 17 bikes per hour. After investing in new robot technology, this quarter the factory manufactured 28 bikes per hour using 15 workers. What is being measured by these figures?

A) labor costs
B) wholesale costs
C) productivity
D) unemployment
E) deflation

ANSWER

Answer: C
Explanation: C) Productivity measures the amount of goods and services an organization produces given the resources used to produce them.