Most Economists Agree That Recent Productivity Growth Is the Result

question 68

True/False

Most economists agree that recent productivity growth is the result of an improved work ethic, primarily due to more Millennials in the workforce.

---

Definitions:

Investment Turnover

A measure of the efficiency of an entity in generating revenue from its investments, often calculated as sales divided by the average investment.

Activity Base

An activity base is a measure used in managerial accounting to allocate costs, based on activities that drive costs, as part of activity-based costing (ABC).

Service Departments

Departments within a company that support the primary operations but don't directly generate revenue.

Profit Margin

A financial metric used to assess a company's profitability by comparing net income to sales; calculated as (Net Income / Sales) * 100.