A review of the trends in labor productivity growth in the U.S. for the periods 1973-1995, 1995- 2010, and 2010-2018 suggests which of the following patterns?
A) a persistently strong growth averaging about 2.5 percent per year throughout the three periods
B) an initial strong growth averaging 2.5 percent per year in the period 1973-1995, followed by weak growth in 1995-2010, and a sharp rise again in 2010-2018
C) an initial modest growth averaging 1.5 percent per year in 1973-1995, followed by much higher growth in 1995-2010, then a collapse to very slow growth in 2010-2018
D) a relatively steady and modest growth throughout all three periods, averaging about 1.5 percent

Question

Quizplus · Accepted Answer

The trends in labor productivity growth in the U.S. for the periods 1973-1995, 1995- 2010, and 2010-2018 suggest that there was an initial modest growth averaging 1.5 percent per year in 1973-1995, followed by much higher growth in 1995-2010, and then a collapse to very slow growth in 2010-2018. This pattern is reflected by the data on labor productivity growth during these periods.

A Review of the Trends in Labor Productivity Growth in the U.S