Slow Growth in US Incomes During the 1970s and 1980s

question 54

Multiple Choice

Slow growth in US incomes during the 1970s and 1980s was primarily due to

• A)slow productivity growth in the US.
• B)increased competition from Japan.
• C)increased competition from European countries.
• D)a rapid decrease in the quantity of money in the economy.

---

Definitions:

Tax Returns

Tax Returns are official documents that taxpayers must file with the government, reporting their income, expenses, and other tax-related information.

Individuals

Persons as separate entities for legal or tax purposes, often considered for taxation, rights, and responsibilities.

Worker's Compensation Payments

Payments made to employees who are injured or become ill due to their job, covering medical expenses and lost wages.

Jury Duty Pay

Compensation received for serving as a juror in legal proceedings.