This chapter defines the concepts of this Handbook - performance, productivity, efficiency, and profitability - and … discusses the interrelations. The most prominent performance measure, total factor productivity growth, is grounded in activity … analysis and related to Debreu's coefficient of resource utilization. The performance literature considers Debreu's coefficient …

This chapter reviews the ways that economists measure the aggregate economic performance of national economies … definition of what measure of economic performance economists should use. The conventional answer is to measure economic … performance by real gross domestic product, GDP, i.e. the gross value-added measure of GDP. However, it has been frequently …