The Three Pillars of Productivity Growth Does Not Include an

question 56

Multiple Choice

The three pillars of productivity growth does not include an

• A)increase in the rate at which the economy builds up its stock of capital.
• B)increase in population.
• C)increase in the rate at which technology improves.
• D)increase in the rate at which workforce quality improves.

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Definitions:

Employed

The state of having a paid job or being engaged in a profitable activity.

Unemployed

Individuals who are willing and able to work but cannot find employment.

Inflation Rate

measures the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

1960s

Refers to the decade from 1960 to 1969, characterized by significant social, political, and cultural changes worldwide.