According to growth accounting, which of the following helps explain why the growth rate in the United States has been positive during the 1900s?

Question

Quizplus · Accepted Answer

Growth accounting suggests that the positive growth rate in the United States during the 1900s can be attributed to the increase in capital per worker, which would have increased the productivity of each worker, leading to overall economic growth. The other choices (reduction in nominal wages, reduction in oil prices, and increase in the minimum wage) are unlikely to have had a significant impact on overall economic growth in the United States during the 1900s.

According to Growth Accounting, Which of the Following Helps Explain