Long-term productivity growth trends have resulted in the
A)increased predominance of the British economy.
B)relative decline of the U.S.relative to the U.K.
C)relative decline of the Japanese economy.
D)relative growth of the Japanese economy.

Question

Quizplus · Accepted Answer

The long-term trend of productivity growth has resulted in the relative growth of the Japanese economy. This is because Japan has historically been a pioneer in implementing new technologies and innovative production methods that improve productivity. As a result, Japan's economy experienced rapid growth in the post-World War II period, and even though its growth has slowed in recent years, it remains one of the world's leading economies.

Long-Term Productivity Growth Trends Have Resulted in the