Increases in productivity in the United States since 1929 are mostly due to:

Question

Quizplus · Accepted Answer

Research and development have been the main drivers of productivity growth in the United States since 1929. This includes improvements in technology, processes, and management practices that have allowed workers to produce more output with the same amount of input. Increases in the quantity of labor or the number of firms have contributed to productivity growth, but to a lesser extent than R&D. High salaries paid to workers are not a major factor in overall productivity growth.

Increases in Productivity in the United States Since 1929 Are