Labor productivity growth can be attributed to:

Question

Quizplus · Accepted Answer

Labor productivity growth is largely attributed to technological advancements that increase the efficiency and effectiveness of production processes. A decline in university attendance would likely have a negative impact on productivity as it reduces the pool of skilled workers. An increase in population growth could lead to higher output, but it would not necessarily result in higher productivity. Finally, a decline in physical capital per worker would also have a negative impact on productivity.

Labor Productivity Growth Can Be Attributed To