The Impact of Computers on U

question 3

Multiple Choice

The impact of computers on U.S. productivity growth _____

• A) has been disappointingly small-about one-half a percentage point annually between 1972 and 1996.
• B) has been dramatic, contributing to significant growth during the early years of the 21st century.
• C) has been significant in the health care sector but not elsewhere.
• D) has actually been negative in most industries.
• E) was greater during the period 1972-1990 than it has been since that time.

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Definitions:

General Journal

A comprehensive journal that records the initial data for all different types of financial transactions.

Ledger

An accounting book or computer file used for recording and totaling economic transactions measured in terms of a monetary unit, by account.

Posting

The process of recording amounts as debits or credits in the accounts of a company's general ledger.

Debt Ratio

A ratio indicating a company's level of indebtedness by dividing its total liabilities by its total assets.