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 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 1974 to 1982 Canadian productivity growth was slower than from 1966 to 1973. It appears that this was the result of a slowdown in capital formation.

Question

Quizplus · Accepted Answer

The passage clearly states that productivity growth in Canada was slower from 1974 to 1982 compared to the previous period of 1966 to 1973. The reason for this slower growth is explained to be a slowdown in technological progress, which implies that capital formation was not a contributing factor. Therefore, choice B is the best answer.

Which of the Following Best Describes the Evolution of Productivity