Suppose You Are Given the Following Information About Productivity Growth

question 24

Essay

Suppose you are given the following information about productivity growth and growth of capital per hour of work for two different time periods. How much of the slowdown in productivity was due to technological change? Is there anything the government could do to reverse this situation?
$$\begin{array} { | l | c | c } \hline & \begin{array} { c } \text { Productivit; } \\\text { Pruwth }\end{array} & \begin{array} { c } \text { Gruwth of } \\\text { copital per } \\\text { hourwindad }\end{array} \\\hline 1970 - 1995 & 4.5 \% & 6 \% \\\hline 1996 - 2015 & 3.3 \% & 7 \% \\\hline\end{array}$$

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Definitions:

Principle Of Antithesis

A concept proposed by Charles Darwin suggesting that opposite emotional states are expressed through opposite bodily movements and postures.

Darwin

Charles Darwin, a 19th-century naturalist best known for his contributions to the science of evolution, specifically the theory of natural selection.

Opposite Emotions

Emotions that are diametrically different from each other, such as happiness and sadness, that can affect mental state and decision-making.

James-Lange Theory

A theory of emotion that proposes emotions occur as a result of physiological reactions to events, suggesting that physiological arousal precedes the emotional experience.