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Productivity is the ratio of outputs to inputs, both measured in dollars.


What is the definition of input, what is the definition of output, and who is responsible for measuring them?


The answer is different depending on your target -- are you measuring the productivity of a firm, a country or some other sort of entity?


Productivity is the ratio of real GDP to total hours worked.


That's labor productivity, a different measure. But the original article references labor productivity, so your definition is more relevant.




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