The largest component of output growth in the U.S.is
A)labor productivity growth.
B)capital growth
C)labor growth.
D)knowledge growth.
E)None of the above.

Question

Quizplus · Accepted Answer

Labor productivity growth is the best choice as it is the measure of how much output can be produced using a given amount of inputs, such as labor and capital. It is the most significant factor in determining output growth in the U.S. as it allows firms to produce more goods and services with the same amount of resources, leading to increased economic growth.

The Largest Component of Output Growth in the U