Asked by jeremiah coleman on May 07, 2024
Verified
In the period 2005-2012,the annual productivity growth rate was approximately _____.
A) 1.6 percent per year
B) 3 percent per year
C) 4.2 percent per year
D) 5 percent per year
E) 6 percent per year
Productivity Growth Rate
The rate at which the output of goods and services per unit of input (such as labor) increases over a specific period.
- Become familiar with the historical trajectories of labor productivity enhancement in the U.S. and their impacts.
Verified Answer
TG
Thalia GonzalezMay 13, 2024
Final Answer :
A
Explanation :
The passage states that "productivity growth averaged 1.6 percent annually from 2005 to 2012." Therefore, the answer is A) 1.6 percent per year.
Learning Objectives
- Become familiar with the historical trajectories of labor productivity enhancement in the U.S. and their impacts.