During the last decade, the innovations in computers and telecommunications, together with global competition, have resulted in:
A)rational expectations theory.
B)lower growth in capital stock.
C)higher growth in labour force.
D)higher productivity growth.

Question

Quizplus · Accepted Answer

The innovations in computers and telecommunications have led to higher productivity growth as they have enabled businesses to become more efficient by automating processes, improving communication, and accessing information more easily. This has resulted in increased output per unit of input, leading to higher productivity growth. The other choices (A, B, and C) are not directly related to the innovations in computers and telecommunications.

During the Last Decade, the Innovations in Computers and Telecommunications