In a 1999 Study,Professor Robert Gordon Showed That the Gains

question 16

Multiple Choice

In a 1999 study,Professor Robert Gordon showed that the gains in productivity during the 1990s

• A) were nonexistent when adjusted for changes in the unemployment rate.
• B) occurred primarily in the traditional manufacturing sector.
• C) were due entirely to gains in the high-tech sector.
• D) were in line with the earlier results of a Federal Reserve Bank study.
• E) matched the performance of the economy during the 1970s and 1980s.

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Definitions:

Assets

Resources owned or controlled by a business or an individual that are expected to produce positive economic value.

Liabilities

Financial obligations or debts owed by a business to others that must be settled over time through the transfer of economic benefits.

Measurement Principle

An accounting principle that determines the specific basis on which economic events are recognized and quantified.

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be expressed in stable units of money, facilitating their comparison and measurement.