According to economist Edward Denison,about one-half of the growth in the U.S.output for the period 1929 to 1969 was the result of

Question

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Economist Edward Denison found that about one-half of the growth in the U.S. output for the period 1929 to 1969 was due to increased output per unit of input, or total factor productivity (TFP). This includes technological advances, improvements in organizational practices, and other efficiency gains that allowed for more output to be produced with the same amount of input. Therefore, the best choice is E, increased output per unit of input.

According to Economist Edward Denison,about One-Half of the Growth in the U.S.output