Our rate of productivity growth in the 1970s and 1980s was _____ the rate of productivity growth in the 1960s.

Question

Quizplus · Accepted Answer

The rate of productivity growth in the 1970s and 1980s was significantly lower than in the 1960s, often cited as being roughly one third of the productivity growth rate of the 1960s. This period experienced economic challenges, including stagflation, which contributed to slower productivity growth.

Our Rate of Productivity Growth in the 1970s and 1980s