The factor accounting for the largest increase in the productivity of labor in the United States has been
A) the education and training of workers.
B) improved resource allocation.
C) the quantity of capital.
D) technological advance.

Question

Quizplus · Accepted Answer

Technological advance has had the largest impact on increasing labor productivity in the United States, as new advances in machinery, processes, and automation have allowed workers to produce more output per hour. Education and training, improved resource allocation, and capital investment also contribute to productivity, but to a lesser extent than technological advance.

The Factor Accounting for the Largest Increase in the Productivity