The Labor Productivity Slowdown in the United States in the 1970s

question 159

True/False

The labor productivity slowdown in the United States in the 1970s was due to declining quality of education in the United States,because no other industrialized country experienced the same labor productivity slowdown at the same time.

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Definitions:

Subsidiary Entity

A company that is controlled or owned, either in part or fully, by another company, known as its parent company.

Parent Entity

A company that has control over one or more subsidiaries, owing enough of their stock to influence their operations.

AASB 10

An Australian Accounting Standards Board standard that sets out the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.

Consolidated Financial Statements

Financial statements that combine the financial information of a parent company and its subsidiaries into one document.