Which of the Following Statistics Confirm the Rise in De-Integration

question 59

Multiple Choice

Which of the following statistics confirm the rise in de-integration in the U.S.post 1970s?

• A)The average number of industrial sectors a firm operated in increased substantially in 1997.
• B)Employment in the business services industry that supplied contract employees grew by almost five times as much as non-farm employment.
• C)Between 1977 and 1999, imports of the U.S.firms from foreign affiliates as a percentage of total imports increased substantially.
• D)Between 1977 and 1999, imports of the U.S.firms from unrelated suppliers as a percentage of total imports declined.

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Definitions:

Per-worker Production

A measure of productivity calculated by dividing the total output by the number of workers.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Simon Kuznets

Simon Kuznets was a Nobel Prize-winning economist known for his work on economic growth and for developing the concept of Gross National Product (GNP).