Multiple Choice
Productivity growth is important because:
A) it is the only way an economy can increase GDP.
B) a small decrease in productivity growth causes a large decline in GDP.
C) a large increase in productivity growth causes a small decrease in GDP.
D) it causes an increase in the quantity of all resources available to an economy.
E) it ultimately increases a nation's standard of living.
Correct Answer:
Verified
Correct Answer:
Verified
Q77: Charlston,a newly industrialized country,has a female population
Q78: Since 1996,_.<br>A)U.S.productivity growth has skyrocketed,at least initially,as
Q79: Basic research:<br>A)usually has a larger immediate payoff
Q80: Improvements in technology shift the per-worker production
Q81: Which of the following is true of
Q83: Labor productivity in the United States has:<br>A)been
Q84: The gross domestic product of Solvasa,a small
Q85: Which of the following best describes the
Q86: Which of the following will be true
Q87: Critics argue that U.S.industrial policy:<br>A)currently focuses only