Because Fewer People Are Now Needed to Perform an Average

question 26

True/False

Because fewer people are now needed to perform an average job, it is said that the information technology revolution has played an important role in slowing down productivity in the United States.

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Definitions:

Credit and Loans

Financial products that allow individuals or entities to borrow money, typically with the promise of repayment at a future date along with interest.

Investment-Demand

The relationship showing the amounts of investment goods purchased at different rates of interest.

Expected Rate of Return

The anticipated profit or loss on an investment, often based on historical data or statistical analysis.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.