Which of the following factors is projected to be the dominant source of economic growth in the U.S. from now until 2029?
A) an increase in hours per worker
B) an increase in the labor force
C) an increase in the population
D) an increase in labor productivity

Question

Quizplus · Accepted Answer

Labor productivity, or the amount of goods and services produced per hour of work, is projected to be the dominant source of economic growth in the U.S. from now until 2029. This is due to a combination of factors such as increased investment in technology, improved education and training, and greater efficiency in the use of resources. The other options, an increase in hours per worker, an increase in the labor force, and an increase in the population, may contribute to economic growth to some extent, but are not projected to be as significant as the increase in labor productivity.

Which of the Following Factors Is Projected to Be the Dominant