There is some controversy concerning what the source of the Canadian productivity slowdown was in the period of 1974 to 1982. What is the most likely explanation?
A) a decrease in the growth of human capital per person
B) capital wearing out so that capital per person fell
C) changes in technological progress
D) the continued depletion of natural resources

Question

Quizplus · Accepted Answer

Changes in technological progress were likely the source of the Canadian productivity slowdown in the period of 1974 to 1982. This is because during this time, Canada experienced a decline in investment in new technologies and research and development, which slowed down productivity growth.

There Is Some Controversy Concerning What the Source of the Canadian