Recall the Application About the Relationship Between the Growth in Productivity

question 71

Multiple Choice

Recall the Application about the relationship between the growth in productivity in the United States and
the Internet and information technology to answer the following question(s) . U.S. productivity growth
increased in the last half of the 1990s. Economists question whether the computer and Internet revolution
are responsible for this increase in productivity growth, and whether the increase is permanent or
temporary.
-According to this Application, economists have found that increases in technology did contribute to increases in productivity growth in the 1990s. The method used to measure the contribution of increases in technology, and also labor and capital, to economic growth is called

• A)capital consumption.
• B)growth accounting.
• C)convergence.
• D)capital deepening.

---

Definitions:

Equity Reporting

The process of disclosing information regarding the equity or owner's interest in a company, typically within financial statements.

Statement of Members' Equity

A financial document showing the changes in the equity of a company over a specific period due to various factors like earnings and withdrawals.

Dissolution

The process of legally dissolving a corporation or partnership, involving the cessation of its business operations and the distribution of its assets.

General Partnership

A business structure where two or more individuals share ownership, responsibilities, profits, and liabilities.