Higher Rates of Productivity Growth Are Most Closely Associated with Higher

question 124

Multiple Choice

Higher rates of productivity growth are most closely associated with higher rates of

• A)consumer spending.
• B)investment spending.
• C)government spending.
• D)import spending.

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Definitions:

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Autonomy

The right or condition of self-governance, or the ability of an individual or organization to make their own decisions independently.

Cost Center

A division whose parent company rewards it for reducing the cost of producing a specified output.

Minimizing Costs

The process of reducing expenses to the lowest possible level while maintaining the desired level of quality or output.