For the 1948 - 2011 period in the U.S.,the rate of productivity growth in years of declining real output was:

Question

Quizplus · Accepted Answer

In years of declining real output, the rate of productivity growth was slower than in years of expanding real output. This is because in years of declining output, businesses are producing less, which can lead to lower investment in technology and innovation, and thus slower growth in productivity.

For the 1948 - 2011 Period in the U