Which of the following is the largest contributor to the growth of labor productivity in the United States?

Question

Quizplus · Accepted Answer

Technological advance has been the largest contributor to the growth of labor productivity in the United States. It has enabled workers to produce more output with the same amount of inputs, and has led to the development of new industries and products that have created new jobs and increased economic growth. While education and training, economies of scale, and improved resource allocation have also contributed to productivity growth, they are not as significant as technological advance.

Which of the Following Is the Largest Contributor to the Growth