Which of the following is the largest contributor to the growth of labor productivity in the United States?

Question

Quizplus · Accepted Answer

Technological advance has been the largest contributor to the growth of labor productivity in the United States, as it has led to significant improvements in efficiency and output for businesses and industries. The use of new technologies, such as automation and AI, has allowed for faster and more accurate production and has freed up labor to focus on higher-value tasks. Education and training, as well as improved resource allocation, also contribute to productivity growth, but not to the same extent as technological advancement. Economies of scale can lead to cost savings, but do not necessarily result in increased productivity.

Which of the Following Is the Largest Contributor to the Growth