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CFA Level 2
Economics

Factors Influencing Productivity

Very Easy Economic Growth And Development Productivity

Productivity is a key concept in economics that impacts economic growth and development. It measures the efficiency of production and is often related to the amount of output produced per unit of input. Higher productivity can lead to increased economic output and improvements in living standards. Understanding the factors that influence productivity is essential for both policymakers and business leaders.

Which of the following factors is most likely to lead to an increase in productivity?

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