Regarding the output growth slowdown during the 1970s and 1980s,it is true that
A)the slowdown took place in the U.S.but not other developing countries.
B)the primary determinant of the slowdown was lower labor productivity growth.
C)increases in capital formation did not offset some of the slowdown in labor productivity growth.
D)both b and C

Question

Quizplus · Accepted Answer

The passage states that the output growth slowdown took place during the 1970s and 1980s, but does not specify that it only occurred in the US. It also states that the primary determinant of the slowdown was lower labor productivity growth, and that increases in capital formation did not offset some of the slowdown in labor productivity growth. Therefore, both options B and C are correct, leading to the answer of D.

Regarding the Output Growth Slowdown During the 1970s and 1980s,it