Macro productivity context

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Productivity is an index that measures output (goods and services) relative to the input (labour,materials,energy and other resources) used to produce it. Differentiate between the following four productivity measures and describe in your own words,why each of these productivity measures is important in a macro productivity context

1) GDP,GDP per capita and GDP as a flow concept

2) Labour productivity

3) Capital productivity

4) Multi factor productivity

Reference no: EM131676977

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