Because of the Productivity Slowdown in the United States from the Mid-1970s

question 9

Multiple Choice

Because of the productivity slowdown in the United States from the mid-1970s through the mid-1990s

• A)real GDP per capita grew more rapidly.
• B)real GDP per capita grew more slowly.
• C)the standard of living did not change.
• D)the standard of living increased in the United States.

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Definitions:

Medicare

A federal program providing health insurance to persons 65 years of age and older, as well as to younger people with certain disabilities.

Medicaid

A social health care program for families and individuals with low income and limited resources in the United States, providing free or low-cost health coverage.

Patient Protection and Affordable Care Act

A federal statute aimed at improving access to health insurance for US citizens, expanding coverage, and reducing healthcare costs.

Health Insurance Coverage

Protection that pays for medical and surgical expenses incurred by the insured, either by reimbursing them for expenses or by directly paying providers.