Declining growth in productivity means that the standard of living has been falling over time.

Name: Declining growth in productivity means that the standard of living has been falling over time.
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Question

Quizplus · Accepted Answer

Declining growth in productivity implies that productivity is still growing but at a slower pace than before. It does not necessarily mean that the standard of living is falling over time. The standard of living can still increase but at a slower rate than before.

Declining Growth in Productivity Means That the Standard of Living