Between 2011 and 2022,productivity Growth Is Expected to Account for About

question 6

Multiple Choice

Between 2011 and 2022,productivity growth is expected to account for about ________ percent of the growth of real GDP in the United States.

• A) 23
• B) 40
• C) 75
• D) 92

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Definitions:

Supply

the total amount of a specific good or service that is available to consumers.

Inferior Good

A type of good for which demand decreases as the income of the individual increases, inversely related to income.

Normal Good

A good for which demand increases as the income of the consumer increases, reflecting a direct relationship between income and demand.

Income Increases

A rise in the amount of money earned by individuals or households, often measured on an annual basis.