Technological change was a major contributor to the productivity speed-up from 1995-2000.

Question

Quizplus · Accepted Answer

According to various studies and reports, technological change and the adoption of new information and communications technologies played a significant role in the productivity gains observed during the late 1990s. Computerization, automation, and the Internet allowed firms to streamline processes, reduce costs, and innovate in ways that led to higher efficiency and output.

Technological Change Was a Major Contributor to the Productivity Speed-Up