Suppose you are given the following information about productivity growth and growth of capital per hour of work for two different time periods. How much of the slowdown in productivity was due to technological change? Is there anything the government could do to reverse this situation?
$$\begin{array} { | l | c | c }
\hline & \begin{array} { c }
\text { Productivit; } \
\text { Pruwth }
\end{array} & \begin{array} { c }
\text { Gruwth of } \
\text { copital per } \
\text { hourwindad }
\end{array} \
\hline 1970 - 1995 & 4.5 \% & 6 \% \
\hline 1996 - 2015 & 3.3 \% & 7 \% \
\hline
\end{array}$$

Question

Suppose you are given the following information about productivity growth and growth of capital per hour of work for two different time periods. How much of the slowdown in productivity was due to technological change? Is there anything the government could do to reverse this situation?
 $$\begin{array} { | l | c | c } 
\hline & \begin{array} { c } 
\text { Productivit; } \
\text { Pruwth }
\end{array} & \begin{array} { c } 
\text { Gruwth of } \
\text { copital per } \
\text { hourwindad }
\end{array} \
\hline 1970 - 1995 & 4.5 \% & 6 \% \
\hline 1996 - 2015 & 3.3 \% & 7 \% \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Suppose you are given the following information about productivity growth and growth of capital per hour of work for two different time periods. How much of the slowdown in productivity was due to technological change? Is there anything the government could do to reverse this situation?
 $$\begin{array} { | l | c | c } 
\hline & \begin{array} { c } 
\text { Productivit; } \
\text { Pruwth }
\end{array} & \begin{array} { c } 
\text { Gruwth of } \
\text { copital per } \
\text { hourwindad }
\end{array} \
\hline 1970 - 1995 & 4.5 \% & 6 \% \
\hline 1996 - 2015 & 3.3 \% & 7 \% \
\hline
\end{array}$$

Suppose You Are Given the Following Information About Productivity Growth