The slowdown of a nation's rate of productivity growth may:
A)slow the growth of its standard of living.
B)contribute to deflation.
C)make its industries more competitive in world markets.
D)reduce real wages.

Question

Quizplus · Accepted Answer

Productivity growth is directly linked to the growth of a nation's standard of living. As productivity slows down, it becomes more difficult for the nation to increase its output and maintain a high level of economic growth. It can lead to stagnation or even a decline in the level of prosperity of the nation.

The Slowdown of a Nation's Rate of Productivity Growth May