Factors That Contributed to the Higher U

question 77

Multiple Choice

Factors that contributed to the higher U.S. labor productivity growth in 1995-2012 relative to the earlier period include the following, except:

• A) Microchip and information technologies
• B) New start-up firms and increasing returns
• C) Global competition
• D) Population growth

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Definitions:

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data.

Cash Basis

A financial recording strategy where incomes and costs are documented at the time they are actually exchanged, instead of the moment they are accrued.

Services

Economic activities offered by one party to another, often involving professional support or advice rather than a tangible product.

Incurred

Refers to costs or expenses that have been consumed or utilized in the process of generating revenue.