If labor productivity growth slows down in a country,this means that the growth rate in ________ has declined.

Question

Quizplus · Accepted Answer

Labor productivity measures how much output is produced per unit of labor input. If labor productivity growth slows down, it means that the quantity of goods or services that can be produced by one hour of work has declined. This is often caused by factors such as technological stagnation, a lack of investment in capital, or a decrease in the skill level of the workforce. The other answer choices may affect the level of labor productivity, but they do not directly determine the growth rate of labor productivity.

If Labor Productivity Growth Slows Down in a Country,this Means