One of the distinguishing features of the recent productivity growth is:
A)decreasing returns to scale in manufacturing.
B)the need for less specialized inputs in manufacturing.
C)technological progress from the investment in the space program.
D)technological progress from the microchip and information technology.

Question

Quizplus · Accepted Answer

The recent productivity growth has been largely driven by technological progress from the microchip and information technology. The advancements in these areas have led to increased efficiency, automation, and innovation in many industries, contributing to overall productivity gains.

One of the Distinguishing Features of the Recent Productivity Growth