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

Economics
JAMB 2015
Which of the following could be used to measure the efficiency of labour?
  • A. rate of inflation
  • B. input-output ratio
  • C. buying more machines
  • D. unemployment rate
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Correct Answer: Option 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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