Home > Terms > English, UK (UE) > Multifactor productivity

Multifactor productivity

For the private business and private nonfarm business sectors, the growth rate of multifactor productivity is measured as the growth rate of output less the growth rate of combined inputs of labour and capital. labour is measured by a weighted average of the number of hours worked classified by education, work experience, and gender. Capital services measure the flow of services from the stocks of equipment and software, structures, land, and inventories. For the manufacturing sector, multifactor productivity is the growth rate of output less the combined inputs of labor, capital, and intermediate purchases. labour is measured by the number of hours worked. Capital services measure the flow of services from the stocks of equipment and software, structures, land, and inventories. Intermediate purchases are composed of materials, fuels, electricity, and purchased services.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Religion Category: General religion

Xibalba

The name of the Mayan underworld, the name meaning place of fear. This place is well documented in Mayan legends. It is presided over by ten gods, ...

Contributor

Featured blossaries

Starbucks most popular secret recipe

Category: Food   1 6 Terms

Soft Cheese

Category: Food   4 28 Terms

Browers Terms By Category