The Contribution of Improved Productivity to the Rate of Growth

question 13

Multiple Choice

The contribution of improved productivity to the rate of growth of the U.S. economy

• A) historically dominated the contribution of labor and capital, but never by as much as it has in the 1980s.
• B) declined during the 1970s but rebounded during the economic periods of the 1980s and 1990s.
• C) had been increasing slowly for 10 years when it suddenly fell below zero in response to the recession of 1981-1982.
• D) has never been as important as it is in the rest of the world.
• E) none of the above.