Which of the following best describes the evolution of productivity growth in Canada?
A)From 1974 to 1982, Canadian productivity growth was slower than from 1966 to 1973. This continued a long-term downward trend in productivity growth.
B)From 1974 to 1982, Canadian productivity growth was slower than from 1966 to 1973. It appears that this was the result of a slowdown in technological progress.
C)From 1966 to 1973, Canadian productivity growth was slower than from 1974 to 1982. This continued an upward trend in productivity growth.
D)From 1966 to 1973, Canadian productivity growth was slower than from 1974 to 1982. It appears that this was the result of an upward trend in capital formation.

Question

Quizplus · Accepted Answer

The passage states that from 1974 to 1982, Canadian productivity growth was slower than from 1966 to 1973. However, it also suggests that this slowdown was likely caused by a slowdown in technological progress. This implies that productivity growth was previously fueled by technological progress, which was not sustained during the later time period. Therefore, option B is the best choice.

Which of the Following Best Describes the Evolution of Productivity