Edward Denison Found That Labor's Contribution to Output Growth in the United

question 27

Multiple Choice

Edward Denison found that labor's contribution to output growth in the United States since 1929 was attributable to all the factors below except

• A)rising population.
• B)an increase in the percentage of the population in the labor force.
• C)an increase in the number of hours worked per person.
• D)higher educational levels.

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Definitions:

Organization

A structured group of individuals working together towards shared goals or objectives, often formalized through roles and hierarchies.

Risk Taking

The action of engaging in activities that involve uncertainty or danger for potential gain.

Entrepreneurial Culture

An organizational culture that fosters innovation, risk-taking, and proactiveness in identifying and exploiting new business opportunities.

Measurable Goals

Objectives that can be quantified or assessed using specific criteria to evaluate the progress or success.