Studies suggest that if firms could get almost 4% more work out of each employee,the GDP in the U.S.would increase by $355 billion.

Question

Quizplus · Accepted Answer

Several studies have shown that increasing productivity by even a small amount can have a significant impact on GDP. A study by the McKinsey Global Institute found that if firms in advanced economies increased productivity by just 5%, global GDP could increase by up to $5.6 trillion. Similarly, a report by Accenture estimated that if the U.K. could increase productivity by just 2%, it could add £35 billion to its GDP. Therefore, it is plausible that increasing employee productivity by almost 4% in the U.S. could increase GDP by $355 billion.

Studies Suggest That If Firms Could Get Almost 4% More