According to Denison, technological advance accounted for 28 percent of the increase in labor productivity from 1929 to 1982.

Question

Quizplus · Accepted Answer

Denison's research attributed approximately 28 percent of the increase in labor productivity in the United States from 1929 to 1982 to technological advances, highlighting the significant role of technology in improving economic efficiency and productivity during this period.

According to Denison, Technological Advance Accounted for 28 Percent of the Increase