The Average Annual Growth Rate of Labor Productivity

question 50

Multiple Choice

The average annual growth rate of labor productivity

• A) has remained relatively constant at about 3 percent.
• B) fell to an average rate of about 1.5 percent during the period 1977 to 1995 and has averaged 3.2 percent since then.
• C) steadily rose to about 4.5 percent in the late 1990s and early 2000s.
• D) fell steadily to its postwar low in 1984 but has risen rapidly since then.
• E) reached a peak in 1995 but has fallen steadily since then.

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