Productivity growth in the United States averaged approximately 3 percent per year between 1947 and 1973; it has averaged approximately 5 percent annually since then.

Question

Quizplus · Accepted Answer

The statement is false. Productivity growth in the United States averaged approximately 2.1 percent per year between 1947 and 1973; it has averaged approximately 1.3 percent annually since then, according to the Bureau of Labor Statistics.

Productivity Growth in the United States Averaged Approximately 3 Percent