In the above problem, if the total factor productivity measure was $2\mathrm{.}0$ last year, which of the following is true?

The productivity measure has increased by $75\%$ in the current year

The productivity measure has decreased by $75\%$ in the current year

The productivity measure has increased by $37\mathrm{.}5\%$ in the current year

The productivity measure has decreased by $37\mathrm{.}5\%$ in the current yearQuestion $8$

$4/4$ pts

For a product, the following data pertains to production in a given year:

Output: $$200,000$ of total output

Inputs into the production process:

Labor $=1000$ hours @ $10/$hour

Overheads $=$$$100,000$ for the year

Materials $=$ $$50,000$ of raw materials

Based on the above data, what is the total factor productivity measure?

$1\mathrm{.}25$

$1\mathrm{.}81$

$0\mathrm{.}43$

$2\mathrm{.}31$

Question $9$

Original Score: $0/4$ pts Regraded Score: $0/4$ pts

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