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Production is the [ ] made over a period of time.
A
Greater effort increases output per worker.
B
Better machinery and technology increase output per worker.
C
Production is the total quantity of output made over a period of time.
D
It falls by 25%: 1.5÷2=0.751.5 \div 2 = 0.751.5÷2=0.75 of its original level.
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2.6.2 Importance of production and productivity Flashcards
22 flashcards on OCR GCSE Economics 2.6.2 Importance of production and productivity: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.