Why Was There a Slowdown in Productivity Growth in the 1970s

question 133

Multiple Choice

Why was there a slowdown in productivity growth in the 1970s?

• A) Workers had less capital to work with than in previous decades.
• B) The labor force engaged in less education and training in the 1970s.
• C) The energy price increases caused research efforts to be directed at saving energy rather than increasing productivity.
• D) The oil crisis in the 1970s decreased aggregate demand.

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Definitions:

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a business.

Revenue Analysis

A process of reviewing and evaluating the income generated from operations, usually to understand financial performance and identify improvement areas.

Strategic Planning

A systematic process for envisioning a desired future and translating this vision into broadly defined goals and a sequence of steps to achieve them.

Marketing Strategy

A comprehensive plan formulated to achieve a company’s marketing goals through specific campaign activities and channels.