Recall Application 4, "Growth Accounting and Information Technology," to answer the following questions:
-According to the application, an increase in labor productivity is considered permanent if the technological progress is confined to only one industry.

Question

Quizplus · Accepted Answer

According to the application, an increase in labor productivity is considered permanent if the technological progress is spread across multiple industries, rather than confined to just one industry.

Recall Application 4, "Growth Accounting and Information Technology," to Answer