Productivity Growth Slowed Rapidly After 1973

question 13

Multiple Choice

Productivity growth slowed rapidly after 1973.Bruno and Sachs argue that the slowdown is partially explained by

• A)reduced growth in capital per capita since increasing numbers of women entered the labor force.
• B)the reduction in savings rates caused by inflation and the U.S.tax system.
• C)the "residual" nature of technological change.
• D)the rapid increase in the relative price of energy.

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Definitions:

IQ

Intelligence Quotient, a numerical measure of a person's relative intelligence determined through various standardized tests.

Canalized Trait

A characteristic that is genetically determined to a high degree, showing little variation in the population due to environmental influences.

Genetic-Environment Correlation

The concept that an individual's genes influence their environment, and their environment affects the expression of their genes.

Environmental Influence

The effect of surroundings, including physical, social, and cultural factors, on individuals' development, behavior, and wellbeing.